Financial Times - Lexiconhttp://lexicon.ft.comTerm of the Day from the Financial Times Lexiconen(PICS-1.1 "http://www.classify.org/safesurf/" L gen true for "http://www.ft.com/" r (SS~~000 1))&copy The Financial Times Ltd 2016 'FT' and 'Financial Times' are trademarks of The Financial Times Ltd. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.client.support@ft.comTue, 16 Jun 2009 01:42:55 +0100Thu, 28 Jul 2016 14:17:06 GMTNewspapers15http://lexicon.ft.comhttp://lexicon.ft.comFinancial Timeshttp://im.media.ft.com/m/img/rss/RSS_Default_Image.gifhttp://lexicon.ft.comhealth exchange HIX health insurance exchangehttp://lexicon.ft.com/Term?term=health exchange HIX health insurance exchange<p>Health insurance exchanges were launched in the US in October 2013 as part of a radical overhaul of the American health system brought in by President Barack Obama under <a title="Obamacare - FT Lexicon definition" href="http://lexicon.ft.com/Term?term=Obamacare" target="_blank">Obamacare</a>.</p> <p><a title="Obama care facts home page" href="http://obamacarefacts.com/obamacare-health-insurance-exchange.php" target="_blank">Health insurance exchanges </a>are online marketplaces for purchasing health insurance. They are aimed at low to middle income Americans who were previously unable to afford health insurance cover, although anyone is permitted to use them, The exchanges allow potential customers to compare insurance policies on levels of cover and price. They were expected to result in lower premiums for most users and vastly lower premiums for others.</p> <p>At launch on October 1 2013, premiums for lower level coverage were capped at 9.5% of income for those earning between 300 per cent and 400 per cent of the <a title="Federal Poverty Lines - Families USA 2013" href="http://www.familiesusa.org/resources/tools-for-advocates/guides/federal-poverty-guidelines.html" target="_blank">Federal Poverty Line</a>. There is a sliding scale so those earning less would pay less. Unlike in the open insurance marketplace, no insurance policy on the health insurance exchanges can refuse someone coverage for a pre-existing medical condition.</p> <p>The new policies were due to become effective in January 2014.</p> <p>Before the launch of the scheme some experts estimated that Americans with health coverage would expect to pay about 20 per cent of their income on health insurance.</p> <p> </p> <h2>health insurance exchange in the news</h2> <p>Nearly <a title="Americans flock to health exchanges - FT.com" href="http://www.ft.com/cms/s/0/c18aeb4c-2adf-11e3-8fb8-00144feab7de.html?siteedition=uk" target="_blank">3m Americans</a> were reported to have visited the new health exchanges on the first day of business. </p>Wed, 02 Oct 2013 16:10:03 +0100<p>Health insurance exchanges were launched in the US in October 2013 as part of a radical overhaul of the American health system brought in by President Barack Obama under <a title="Obamacare - FT Lexicon definition" href="http://lexicon.ft.com/Term?term=Obamacare" target="_blank">Obamacare</a>.</p> <p><a title="Obama care facts home page" href="http://obamacarefacts.com/obamacare-health-insurance-exchange.php" target="_blank">Health insurance exchanges </a>are online marketplaces for purchasing health insurance. They are aimed at low to middle income Americans who were previously unable to afford health insurance cover, although anyone is permitted to use them, The exchanges allow potential customers to compare insurance policies on levels of cover and price. They were expected to result in lower premiums for most users and vastly lower premiums for others.</p> <p>At launch on October 1 2013, premiums for lower level coverage were capped at 9.5% of income for those earning between 300 per cent and 400 per cent of the <a title="Federal Poverty Lines - Families USA 2013" href="http://www.familiesusa.org/resources/tools-for-advocates/guides/federal-poverty-guidelines.html" target="_blank">Federal Poverty Line</a>. There is a sliding scale so those earning less would pay less. Unlike in the open insurance marketplace, no insurance policy on the health insurance exchanges can refuse someone coverage for a pre-existing medical condition.</p> <p>The new policies were due to become effective in January 2014.</p> <p>Before the launch of the scheme some experts estimated that Americans with health coverage would expect to pay about 20 per cent of their income on health insurance.</p> <p>&nbsp;</p> <h2>health insurance exchange in the news</h2> <p>Nearly <a title="Americans flock to health exchanges - FT.com" href="http://www.ft.com/cms/s/0/c18aeb4c-2adf-11e3-8fb8-00144feab7de.html?siteedition=uk" target="_blank">3m Americans</a> were reported to have visited the new health exchanges on the first day of business.&nbsp;</p>