In July I wrote about Humana’s decision to terminate most of their ‘non-grandfathered’ individual and family health insurance plans no later than December 31, 2014. The second carrier to make this decision was Aetna. I wrote about their decision in August. They too will terminate most of their ‘non-grandfathered’ individual and family health insurance plans no later than 12/31/2014. Health Care Service Corporation which owns Blue Cross Blue Shield of Texas is also terminating their individual and family plans by 12/31/2014. Now, a fourth major carrier – United HealthOne – Golden Rule insurance company has made the decision to change their ‘non-grandfathered’ individual and family health insurance plans in the states of Connecticut, Delaware, Kentucky, Nevada and Virginia no later than 12/31/2014. In other words, Barack Obama lied when he said “if you like your plan, you can keep your plan.” This is of course is no surprise to high information voters. Most especially the 6,286,357 policy holders who had their coverage canceled in 2013 because of Obamacare.
The truth is these plans would have been terminated last year but Barack Obama used his “pen and his phone” to unilaterally delay the termination of these policies for an additional year. Unfortunately for these Humana, Aetna and United HealthOne policy holders, that one year delay is now over. The poetic justice here is that the unilateral one year delay imposed by Barack Obama was done to delay the termination of these policies until after the November 2014 mid term elections. Quick FYI to the Obama administration, October comes before November.
Your options now
According to Aetna. Existing policy holders began receiving policy termination notices in August. Humana and United HealthOne state their policy holders will receive their notices no later than the end of October. No worries though! Each carrier recommends switching to one of the Obamacare “Medal” plans. The cheapest one for adults is the Obamacare “Bronze” plan which has a $6,000 deductible per person times two family members. Unless of course your income is below 400% of the federal poverty level. If this is the case, you will qualify not only for an APTC – “Advance Premium Tax Credit” – but you could also qualify for a “Cost Sharing” credit which will lower that $6,000 deductible. Both of which may cost the few, the proud, the 49% of us who still pay federal income taxes $16.3 billion this year alone. Not to mention the hundreds of billions we taxpayers will be paying to bail out the health insurance industry this year. Forward………
In New Mexico, Nearly 30,000 People Will Lose Their Health Plan. “About 30,000 New Mexicans are about to see their individual health insurance plans go away – part of a statewide push to ensure all coverage sold here meets minimum requirements of the Affordable Care Act.” (Jessica Dyer, “Health Insurance Cancellations Coming For About 30,000 In NM,” Albuquerque Journal, 9/30/14)
In Virginia, Up To 250,000 Virginians Will Be Notified By December If Their Health Plan Has Been Cancelled. “After a year’s reprieve, up to 250,000 Virginians will receive notice by the end of November that their health insurance plans will be canceled because the plans do not comply with the Affordable Care Act and accompanying state law. The affected policyholders were allowed to renew their old plans late last year, even though the plans did not provide all of the benefits required under the health care law, but they won’t have that option when the policies expire this year.” (Markus Schmidt and Michael Martz, “250,000 In Virginia Face Loss Of Health Insurance,” Richmond Times-Dispatch, 9/11/14)
In Colorado, 6,150 Coloradans Have Had Their Health Care Plans Cancelled This Year. “The Colorado Division of Insurance has reported that there were about 2,100 health-plan cancellations in the state over the past two months, bringing this year’s total to more than 6,150.” (Electa Draper, “Colorado Says 2,100 Health Plans Were Canceled In Last Two Months,” The Denver Post, 8/21/14)
14,000 Kentuckians Will Be Notified That Their Health Plan Will Be Cancelled. “In Kentucky, the Department of Insurance told Morning Consult that nearly 14,000 people, mostly enrolled in plans from Humana, will have been notified of a plan cancellation by October 1. That could come into play for Senate Minority Leader Mitch McConnell, who is in a tight race with Democratic challenger Allison Grimes.”(Meghan McCarthy, “ObamaCare’s Election Special: New Health Insurance Cancellations Before November,” Morning Consult, 9/30/14)
About 800 Alaskans Will Have Their Health Plans Cancelled. “About 800 Alaskans will receive similar letters by October 1, according to a report from the Associated Press, potentially creating a challenge for Democratic incumbent Sen. Mark Begich, who is also facing a tough reelection.” (Meghan McCarthy, “ObamaCare’s Election Special: New Health Insurance Cancellations Before November,” Morning Consult, 9/30/14) h/t RNC
More cancellations reported by Kaiser Health News.