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(Medical-NewsWire.com, July 12, 2013 ) Grover Beach, CA -- The saying goes that three the most important things in real estate are “location, location, location”, but that will soon be true for the American people and businesses buying health insurance. Each state will mandate the number of companies that will be chosen to sell insurance and what the cost of that insurance.
The Affordable Care Act is a national law requiring that every citizen have health insurance. The law will take effect January 1, 2014. To complicate an already complicated system, different regions within states will also be allowed to mandate the marketplace differently. Under the ACA, also called Obamacare, health insurance will be offered for sale through new markets to people who are not insured and to small businesses that don’t already offer health insurance for their employees. Those who do not sign up for health insurance will face a financial penalty that will continue to escalate.
How well or poor a state’s marketplace will provide affordable health care could also directly affect where businesses choose to open up shops or factories, creating an even wider gap for unemployment in some places.
ValuePengiun.com, founded by Jonathan Wu, is a website that helps individuals see what ind of rates their states will have as the information becomes available. According to Wu, people will be at the mercy what the state chooses for them.
Similar to how auto insurance companies work now, there are four different tiers of health insurance that cover different things: bronze, silver, gold and platinum. These tiers determine was what deductibles and other costs will be, but the ACA sets a minimum for each tier to offer.
The number of people who enroll in a given state could significantly affect how well the marketplaces achieve their stated goal-providing affordable health insurance to those currently without insurance.
About Arnoldussen & Associates
Arnoldussen & Associates (http://www.arnoldussenins.com/) is an all-inclusive insurance company including business, auto, life, and renter’s insurance serving the Grover Beach, Arroyo Grande, Pismo Beach, San Luis Obispo and Nipomo areas. Arnoldussen & Associates provides health insurance nipomo from the leading carriers including Mercury, Progressive, McGraw, Commerce West, Viking and many more.
Arnoldussen & Associates
Customer Service
805-489-3000
news@postpressrelease.com
Source: EmailWire.Com 
Source: EmailWire.com
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