A New Tool to Compare Health-Care Plans A look at how small-business owners can more easily research information on health insurance options.
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Researching health insurance options can be a headache-inducing task for small-business owners. In November, the U.S. Department of Health and Human Services introduced a tool to ease the pain. HealthCare.gov includes information from more than 530 insurers about more than 2,700 coverage plans available in all 50 states. The site provides summaries of cost and coverage for small groups and their options for deductibles, co-pays and benefits.
Created under the requirements of The Patient Protection and Affordable Care Act of 2010, the site asks users to input basic information about location, type of coverage needed (for up to 50 employees) and the people who would be insured. It then provides a list of options, with estimated prices and provisions. Users can filter results based on whether the plans are Health Savings Account eligible; have prescription drug, mental health or maternity coverage; or offer coverage for domestic partners.