CHICAGO (AP) — The Illinois Department of Insurance has beenawarded a $5.1 million federal grant to develop and maintain ahealth insurance exchange where consumers can shop forcoverage.
|The nation's new health care law requires the exchanges to berunning in states by 2014
|[See also: BenefitsProcoverage of health insurance exchanges]
|Insurance exchanges will allow people and small businesses tocomparison shop online for insurance. The concept has beendescribed as Travelocity for health insurance.
|The grant will help Illinois design the informationinfrastructure. It will go toward hiring staff to plan andcoordinate with consultants to create the design features.
|Gov. Pat Quinn said in a statement released Tuesday that thegrant will help create a strong exchange and develop tools to makeit easy for everyone to use.
|More coverage on health exchanges from BenefitsPro
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