PeopleSurance announces private health insurance exchange in Virginia

PeopleSurance has created a private health insurance exchange for consumers in Virginia, a state that has elected not to create a state-run exchange. Consumers would otherwise have to purchase insurance through the federally run exchange. End Quote

Norfolk-Virginia Beach-Newport News, VA-NC (1888PressRelease) June 12, 2013 - PeopleSurance® is pleased to announce the creation of a private, on line health insurance exchange serving the state of Virginia. PeopleSurance® is an established on line health insurance and life insurance marketplace based in Virginia Beach, VA. The technology provides consumers with the ability to search for health insurance plans from dozens of insurance companies and provides ranking capabilities and filters based on user preferences.

PeopleSurance® employs licensed health insurance agents to provide consumers with advice on the Patient Protection and Affordable Care Act, passed in 2010 by congress.

In November, 2012, Virginia Governor Bob McDonnell announced that Virginia would default to the federal health insurance exchange, managed by the Department of Health and Human Services. "We believe the consumers in Virginia will want options before deciding to allow the federal government to manage their health care decisions." states Brandon Beavers, President of PeopleSurance®, "We believe we can provide an effective solution with personalized service and advice in a traditionally private arena."

Effective in 2014, consumers will be required to purchase health insurance, either from a private exchange or through a government-managed health insurance exchange or face paying a potential tax penalty for the 2014 tax year. Certain taxpayers may be eligible for tax benefits as well as defined by the PPACA. Many uninsured consumers will be required to purchase health insurance by the end of 2013. "Our process makes selecting the right plan easy," according to Brandon, "almost immediately; you can see dozens of options available throughout the state, pricing, and deductibles. In addition, PeopeSurance® offers coaching from licensed professionals who understand the complexities of the PPACA."

PeopleSurance® is making the exchange immediately available at http://www.peoplesurance.com. Other state exchanges are currently available as well, including those that have chosen to adopt a state run exchange.

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