Insurance Agents Learn About the Affordable Care Act

In Kentucky it's estimated 640,000 people are uninsured.

When the Affordable Care Act is available on October 1, 2013 the uninsured will have access to coverage, regardless of a pre-existing condition.

"The law requires all adults ages 18 to 64 to carry health insurance," said Marcus Woodward, with Woodward and Associates and the Kentucky Insurance Exchange.

Insurance agents learned their role in affordable care. However, there are still a lot of unanswered questions like what are the plans and premiums?

"As soon as the October first date is here, the rates and the plans will all be online to the general public," said Woodward.

Agents can decide to opt out of the program.

"Many agents are doing so many things already and because the affordable care is similar to Medicare D and Medicare Advantage plans they take so much time to get prepared to sell those plans they're going to say I'm better off spending my time doing what I already do and not get involved with the health care side of the issue," said Auston McCay with McCay & Associates.

For the ones that choose to participate, it could be a chance to help someone they haven't been able to help before.

"I think that's going to be a good thing from the agent's standpoint. We spend a lot of our time and often times have people who had health issues that we want to help and we couldn't get them coverage," said McCay.

Consumers can begin signing up for coverage under the Affordable Care Act on October 1, 2013. The open enrollment period runs until March 31st, 2014. To get the earliest coverage on January 1, 2014 you must apply before December 15, 2013.

For more information, click the link below.