State Insurance Exchange FAQs

IFF Healthcare, Insurance Exchange

Below are just a couple of selections from the full FAQ. To read the full FAQ, click here.

What information will I have to give up to use the State Insurance Exchange? You have to provide personal financial and health information. It will include tax-related income and asset information. It will also include medical claims information. Under Section 1311 of the Affordable Care Act, it can also include any “other information” deemed “appropriate” by the Secretary of Health & Human Services.

But didn’t the U.S. Supreme Court say the Affordable Care Act was constitutional? The U.S. Supreme Court said only that Congress has the power to tax a person for not buying health insurance. According to the Affordable Care Act, the only way that tax could be enforced was by the IRS through a State Insurance Exchange. If Idaho gets rid of the State Insurance Exchange, then Congress’ has no way to tax because the IRS’s enforcement authority only goes through a State Insurance Exchange.

Read more here….