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August 22, 2013 at 09:24 PM
MADISON, Wis. (AP) — There will be multiple options across Wisconsin for purchasing insurance through the new marketplaces, or exchanges, required under the Patient Protection and Affordable Care Act (PPACA), an analysis released Thursday concluded.
Citizen Action of Wisconsin determined that every part of the state is covered by at least two insurance companies, at least three companies will be selling plans in nearly 99 percent of the state, and more than 68 percent of the state will be covered by at least four companies.
Under PPACA, each insurance provider selling through the exchange must offer at least two levels of coverage. This means at least six different plans will be on offer nearly everywhere in Wisconsin, the Citizen Action report said.
Thirteen insurance companies have notified state regulators that they will be selling individual plans through the exchanges, where people can shop for insurance starting in October for plans that take effect in January.
Earlier this month the state insurance commissioner’s office released the names of the companies that will be selling insurance through the exchanges, but it has not provided details about coverage or rates. A spokeswoman for the office did not immediately return a message Thursday seeking details on when that information will be released.
