Information for Producers Regarding the Health Insurance Marketplace (Exchange) in Wyoming

Information for Producers Regarding the Health Insurance Marketplace (Exchange) in Wyoming

In Wyoming, the federal government will operate the health insurance marketplace (formerly known as an exchange). 
Agents and brokers (aka producers) will need to comply with federal requirements to conduct business through the federal marketplace.

The Federal Government has provided information on the following websites:

 

The Wyoming Department of Insurance has created a presentation with more information regarding how the Affordable Care Act will affect Wyoming Producers.  Click here.

According to information posted at www.cms.gov website, information about training and registration with the federal marketplace will be available in August. The website states that “all training will occur online.”

Producers must continue to comply with Wyoming law, including all licensing and appointment requirements.

Wyoming law, specifically Wyoming Statute §26-9-213, requires producers to be appointed by each insurer being represented. Insurers are permitted to select the agents to be appointed and must confirm that the producer is licensed prior to making the appointment.
The federal Department of Health and Human Services has announced that Agent/broker (producer) training for the Federally-facilitated Marketplace (FFM) is now available. All training will occur online. Agents and brokers may begin their training immediately, and the second part of the agent/broker FFM registration process will be available later in August. At that time, agents/brokers will be able to obtain an active FFM User ID by completing an identity verification process online.

To take the training now, please visit http://Marketplace.MedicareLearningNetworkLMS.com

Disclaimer:

The Affordable Care Act is a federally-mandated health care and health insurance law. Wyoming citizens and employers are impacted by this law. Wyoming opposed the Affordable Care Act, and joined other states in a lawsuit to have the law overturned. The United States Supreme Court has upheld the law, and the Affordable Care Act will be implemented in Wyoming and across the country.

Because the law impacts Wyoming citizens and employers, we believe it is our obligation to provide relevant factual information. The information is not intended to provide legal advice and it does not include all details found in the Act. Readers are encouraged to consult specific provisions of the Act and obtain advice from appropriate sources as referenced.