Credit union technology provider EPL Inc. in Birmingham, Ala., said it expects to launch what it said would be the nation's first private health insurance exchange for credit unions, their members and communities.
Private and public health care insurance exchanges are forming in preparation for the Patient Protection and Affordable Care Act – popularly known as Obamacare – which requires employers to provide health care insurance for employees.
These Web-based exchanges will give employees and consumers apples-to-apples comparisons of costs and coverage options of various health insurance plans, according to the U.S. Department of Health and Human Services.
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