Yesterday President Obama held a national news conference in which he apologized for “fumbling” the rollout of the Affordable Care Act (ACA) — otherwise known as “Obamacare”. In addition to his apology, the President suggested a fix for the millions of Americans whose current policies are being canceled by their health insurance carrier. The Proposed Fix The proposed fix involves letting people hold on to their non-ACA-compliant health insurance plans
Anthem Blue Cross Blue Shield Early Renewal Option
If you are currently covered by an individual Anthem Blue Cross Blue Shield health insurance policy (vs. one you get through your employer) we have some critical information for you. Anthem policyholders either already have received or will receive soon a letter from Anthem explaining the options for complying with the new health care law — the Affordable Care Act (also known as “Obamacare”). Here is a summary: If you have
CareFirst Blue Cross Blue Shield Option to Re-Enroll
If you are currently covered by an individual CareFirst Blue Cross Blue Shield health insurance policy (vs. one you get through your employer) that you purchased or after March 23, 2010, we have some critical — and time sensitive* — information for you. (Update October 31, 2013 – deadline to re-enroll has been extended to November 22, 2013) CareFirst policyholders either already have received or will receive soon a letter from
Anthem Letter – What Does it Mean?
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
Buying Individual Health Insurance Under the Affordable Care Act
If you currently buy your own health insurance (vs. getting it through your employer), you may be wondering what your next steps will be now that implementation of the next phase of the Affordable Care Act (ACA) is getting closer. Here is a quick run-down of your options. If your current coverage is a grandfathered health insurance plan and you have favorable rates and terms on the current plan, then
Early Renewal for Health Insurance Plans
Why Renew Early? With the next phase of the Affordable Care Act (ACA) going into effect in just under six months, many small businesses that currently provide group insurance for their workers are concerned about the law’s impact on the cost of doing so. Individuals, too, are wondering if their costs will increase under ACA. Under the law, new health plans must cover the essential health benefits, but at the
