The Health Plan industry is responding to the post-ACA world in various ways. The disaster of the Federal Exchange marketplace implementation has increased the reaction from consumers and health plans.
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Are you an insurer worried about integrating to state & federal marketplaces? Are you worried about cost, technology infrastructure, strategy, complexity and deadlines?
A binder payment is a payment that is made during the enrollment process for the first month’s premiums for insurance coverage. With the public exchanges, the binder payment can be collected for individual enrollees as well as employer groups enrolling via SHOP (Small Business Health Options Program).
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