16 Dec Exchange Glitches

Source: United Benefit Advisors (UBA)

Insurance companies are running into technical glitches in many state exchanges that could threaten Jan. 1 health coverage, according to a POLITICO report.

The issue concerns the EDI 834 transaction set — the application files that insurers receive when someone signs up for coverage through an exchange. Insurers in Kentucky and New York said they’re receiving flawed 834 transmissions from their local exchanges, and the state of Washington has had to correct thousands of 834s with faulty information about federal tax credits.

Several state exchanges waited until late November to start sending application data to insurers, meaning potential errors haven’t had much time to surface.