With the national open enrollment period in full swing and the
Affordable Care Act (ACA) changing the health care insurance landscape, Paychex
Insurance Agency, a wholly owned subsidiary of Paychex, Inc., has
identified the top three reasons to consider enrolling in an individual
insurance plan.
According to a recent Gallup poll,
13.4 percent of Americans are without health insurance. Those uninsured
or individuals already insured through a federal or state health
insurance marketplace have the opportunity to shop around or make
changes to an existing insurance plan during the open enrollment period,
November 15, 2014 – February 15, 2015.
The last day to submit an application to an individual insurance plan
for January 1, 2015 coverage is December 15, 2014. Therefore,
individuals need to be aware of their current coverage or lack of health
care coverage and take the appropriate action soon.
For some, that may include an individual insurance plan. Reasons to
consider this option are:
Wide range of plans. Individual insurance plans offer a wide
range of national and regional carriers. In addition, individuals have
the ability to shop for both “on-exchange” policies (subsidy-eligible
plans available through the state and federal health insurance
marketplaces) and policies not offered through the Federal or state
health insurance marketplace that a consumer cannot use a subsidy to
purchase.
Flexibility of choice. Individuals can choose the preferred
carrier and health plan that best suits their needs. This level of
flexibility results in the individual more accurately meeting their
health coverage needs.
Individual insurance is not tied to an employer. An individual
insurance plan is not tied to an employer, so if a person switches jobs
or loses employment, his/her coverage remains intact.
To accommodate those seeking individual insurance coverage, the Paychex
Insurance Agency’s (PIA) Personal
Marketplace is now open.
The PIA Personal Marketplace is a private insurance exchange or
marketplace where employees who are not eligible for group coverage can
shop, compare, and purchase individual health insurance from a variety
of insurance carriers. For helpful links and additional information
about the PIA Personal Marketplace, click
here.
For ongoing updates regarding health care reform provisions impacting
small business owners, visit http://www.paychex.com/health-reform.
About Paychex
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human
resource, and benefits outsourcing solutions for small- to medium-sized
businesses. The company offers comprehensive payroll services, including
payroll processing, payroll tax administration, and employee pay
services, including direct deposit, check signing, and Readychex®. Human
resource services include 401(k) plan recordkeeping, section 125 plans,
a professional employer organization, time and attendance solutions, and
other administrative services for business. A variety of business
insurance products, including group health and workers' compensation,
are made available through Paychex Insurance Agency, Inc. Paychex was
founded in 1971. With headquarters in Rochester, New York, the company
has more than 100 offices serving approximately 580,000 payroll clients
as of May 31, 2014. For more information about Paychex and our products,
visit www.paychex.com.
Stay Connected with Paychex
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LinkedIn: http://www.linkedin.com/company/paychex/products
Copyright Business Wire 2014