One of the new changes being implemented by the Health Care Reform is the implementing of health care exchanges for the benefit of small businesses and individuals. Health care exchanges are intended to function as open and competitive marketplaces in which insurance companies will be required to compete for their customers. Small businesses will be able to compare different insurance packages and different insurance companies through this system with ease.
These exchanges will operate in many ways: through online web portals, in physical offices, over the phone and through mail. The web portals will likely be the easiest way for companies to compare multiple insurance policies and insurance companies. However, companies will be able to refer to the physical offices or to call into the exchange in the event that they have any questions regarding the policies or if they want specific questions answered. In general, the exchanges will be very beneficial for companies and will enable them to both save money and get the coverage they desire.
For more information about how the Health Care Reform will affect small businesses and about buying insurance in an exchange contact the HR experts at HR Solutions.