Anthem recently mailed out letters to thousands of policyholders with non-grandfathered health insurance plans … and, in the process, may have inadvertently confused a lot of people!
To read the letter, click here.
What does the letter mean?
In a nutshell, the letter informs Anthem’s policyholders that the way a policy year is defined is changing from the default of a calendar year (January 1 – December 31) to a plan year (whereby a policy renews on its premium renewal date, rather than at the end of each calendar year).
This change will allow most policyholders to stay with their current plan until its next renewal date in 2014, as opposed to needing to switch to a health care reform compliant plan when the policy year would have ended on December 31, 2013.
Next month, in September, Anthem plans to send another letter with more details regarding an “additional renewal” in 2013 which will allow most policyholders to stay on their plan even further into 2014. If you’ve been following our blog, this will be the early renewal option we referred to in an earlier post.
Still confused? Give us a call. We, too, will be staying tuned until September when we learn more!
