About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Break Offered to People on the Brink of Losing Insurance

by Vanessa Jones on December 20, 2013 at 1:29 PM
Font : A-A+

 Break Offered to People on the Brink of Losing Insurance

The Federal Government offered one of the last minute concessions to patients who want a cheap and bare-bones plan known as catastrophic coverage. The time is running out and 1st of January is the deadline for getting health insurance.

The estimated number of people to be affected was approximately 500,000 according to senior administration officials. "If you have been notified that your individual market policy will not be renewed, you will be eligible for a hardship exemption and will be able to enroll in catastrophic coverage," the Centers for Medicare and Medicaid Services says in a new statement posted on its website. Several people felt that the new policies in accordance to the Affordable Care Act were more expensive than their older policies. Health experts feel this is because the old policies provided less than basic coverage.

Advertisement

Health and Human Services Secretary describes the individual insurance market as "volatile" in a letter to Virginia Sen. Mark Warner outlining the latest policy change. "Even though the Affordable Care Act will offer more coverage choices and protections for millions of Americans, we are committed to ensuring the smoothest transition possible for those who need to find a new health plan," she writes.

"If you believe that the plan options available in the Marketplace in your area are more expensive than your cancelled health insurance policy, you will be eligible for catastrophic coverage if it is available in your area," the CMS says. "In order to purchase this catastrophic coverage, you need to complete a hardship exemption form, and indicate that your current health insurance policy is being cancelled and you consider other available policies unaffordable." Health and Human Services Department spokeswoman Joanne Peters said it's a "common sense clarification". "For the limited number of consumers whose plans have been cancelled and are seeking coverage, this is one more option," she said.
Advertisement

Insurers were not happy about it "This latest rule change could cause significant instability in the marketplace and lead to further confusion and disruption for consumers," said America's Health Insurance Plans' (AHIP) President and CEO Karen Ignagni. The health insurance exchanges were meant to be pivotal for the health reform but the federally run exchange were full of problems as soon as they went live and though the administration worked on setting it right many people are still unable to enroll for health insurance.

Officials declared that the exchanges would be open on the 1st of January and they would have staff working across 17 states. 2 million emails were sent to people facing problems to sort them out, as well as 600,000 phone calls were made in a bid to ensure people could enroll without issues.

References:

Hannah Punitha (IRDA Licence Number: 2710062)

Maggie, December 2013

Source: Medindia
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
News Category
What's New on Medindia
Contraceptive Pills in Polycystic Ovary Syndrome (PCOS) Curtail Type 2 Diabetes Risk
Mushroom May Help Cut Down the Odds of Developing Depression
How to Battle Boredom during COVID
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Star Health and Allied Insurance ICICI Lombard General Insurance Company Limited Health Insurance - Ombudsman Health Insurance - Basics New India Assurance Policies Awareness about Healthcare Insurance in India Premium Calculation by Health Insurance Companies Fraudulent Health Insurance Claims Key Procedures for Filing a Healthcare Insurance Claim Latest on The New India Assurance Company Ltd 

Recommended Reading
Enrollment in Health Insurance Exchange Triples
The Federal government is happy to see the rise in the number of enrollments in the last month....
New Health Insurance Plans are the Same as the Old Ones - Feel Some People
The moot point is though the individual policy will cost less - will it be more affordable....
Broader Health Insurance in Massachusetts Linked to Better Health and Care
A new study shows the health of residents in Massachusetts improved measurably, especially among ......
California Health Insurance Exchange Focuses on December 23rd Deadline
California with its independent exchange is doing a better job at enrollments than the Federal ......
Awareness about Healthcare Insurance in India
A basic awareness about Indian health insurance for any layman for quick reference presented in a cr...
Fraudulent Health Insurance Claims
To educate the public regarding hazards of committing fraud in healthcare insurance claims and its i...
Health Insurance - Basics
Health insurance guarantees payments to a person in the event of sickness or injury.and works as pr...
Health Insurance - Ombudsman
Insurance Ombudsman institutions work for the purpose of quick disposal of the grievances of the ins...
ICICI Lombard General Insurance Company Limited
Major health care plans from the ICICI Lombard include complete health insurance ihealth plan, perso...
Key Procedures for Filing a Healthcare Insurance Claim
keep yourself well informed about the claim process and avoid frustration of your claim getting ......
New India Assurance Policies
The existing Mediclaim and Health Plus Medical expenses policies have been discontinued and Mediclai...
Premium Calculation by Health Insurance Companies
This article gives an insight as to how healthcare insurance policy premiums are collected by Insura...
Star Health and Allied Insurance
Star Health & Allied Insurance offers a convenient insurance for the corporate people when they tra...

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2021

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use