"Most individuals can keep their plans for another 2 years."
After the wrath of anger from consumers who had their individual health insurance plans cancelled 4th quarter of 2013, the Obama Administration chose to avoid this issue during the mid-term elections this upcoming fall. 10 times as many people were scheduled to have their health insurance canceled at the end of 2014. This week it was announced, most individuals could keep their plans for another 2 years. The Administration called pre-Affordable Care Act insurance "no-frills" plans. I have to dispute that idea completely, as many plans had more features and benefits than the new 2014 plans. Regardless, this is good news for those who would not receive a significant subsidy. Most pre-ACA plans have more affordable monthly premiums and include benefits to use the coverage more affordably, too.
After the wrath of anger from consumers who had their individual health insurance plans cancelled 4th quarter of 2013, the Obama Administration chose to avoid this issue during the mid-term elections this upcoming fall. 10 times as many people were scheduled to have their health insurance canceled at the end of 2014. This week it was announced, most individuals could keep their plans for another 2 years. The Administration called pre-Affordable Care Act insurance "no-frills" plans. I have to dispute that idea completely, as many plans had more features and benefits than the new 2014 plans. Regardless, this is good news for those who would not receive a significant subsidy. Most pre-ACA plans have more affordable monthly premiums and include benefits to use the coverage more affordably, too.
Jeanine Kinzie is a Licensed Health Insurance Agent, Licensed Life Insurance Agent and a Federally Facilitated Marketplace Enroller / SHOP Marketplace Enroller from Grand Rapids, Michigan.
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