FAQ: Insurance Cancellations
|November 12, 2013||Posted by Carolina Coleman under Blog||
We have compiled a list of frequently asked questions (updated November 25) about the cancellation letters received by some individuals who privately purchase insurance and how the Affordable Care Act interplays with this scenario.
We know this can be a confusing and frustrating topic for some consumers, but this guide provides some clarity. Ultimately, most people will be better off in spite of the plan cancellations. While some people will lose the plans they like, they will get more comprehensive coverage. Plans through Covered California will be more affordable for many because of premium assistance and group discounts. For those who make too much to qualify for subsidies, the catastrophic plan option will be available, which will provide coverage similar to what they used to have, but still with additional protections of guaranteed issue and minimum essential benefits, at low prices.
In case you get attacked by kittens, you are now covered. Cat allergies are no longer a pre-existing condition exclusion!