New tax targeting health insurance products is approved in D.C.

health insurance cost medical

D.C. Council introduces new tax in order to mitigate financial blow of failed insurance exchange The D.C. Council has approved a new tax that will be placed on all health insurance products that are sold throughout the district. The tax is meant to resolve a specific issue: The financial problems that have been caused by the district’s insurance exchange. The exchange was meant to provide D.C. residents with access to affordable insurance coverage, but it proved quite difficult for these residents to access the exchange due to severe technical difficulties.…

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DC offers glimpse into health insurance prices through exchange

Health insurance plan

DC officials aim to provide more insight concerning health insurance exchange Washington D.C. is currently working to establish its own health insurance exchange. Though the District is not actually a state, it is still required by federal law to host a health insurance exchange, through which consumers can find a wealth of affordable coverage options. Exact details concerning the D.C. exchange are somewhat scarce as officials tend to only over some vague insight to the program and how it is being formed. This week, D.C. officials have offered a first…

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Health insurance exchange plans up for review in Washington DC

health insurance disclosure tax penalty

Small businesses have a problem with DC health insurance exchange Plans for a health insurance exchange in Washington D.C. has been facing some challenges in recent months, many of which are coming from small businesses. This week, the D.C. Health Benefit Exchange Authority reiterated that it was committed to establishing a working health insurance exchange for Washington D.C., noting that small businesses would be forced to purchase coverage from the exchange program. The committee did, however, announce that it would be working to delay the mandate requiring these small businesses…

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