Question: What are the benefits for the consumer in the california insurance exchange?
Answer: Here are the main benefits for individuals in the Exchange One Stop Shopping: The Exchange will offer qualified health plans (QHPs) from most of the health insurance issuers in California at affordable rates. Guaranteed Issue: All health insurance will be required to cover anyone who applies regardless of health history or pre-existing conditions. Premium Subsidies: Federal premium subsidies or “advance tax credits” are financial payments graduated on income level to support the purchase of QHPs exclusively through the Exchange. Essential Health Benefits: All health plans will offer at least the standard set of defined Essential Health Benefits. Consumers will be able to compare coverage much easier than today.