Thousands Of Consumers Get Insurance Cancellation Notices Due To Health Law Changes

[BlueStreak]

4. They aren't all immediate cancellations

The core issue is that the ACA requires more things to be covered. An insurer could simply incorporate the additional risks into the current policies. But I believe the ACA also puts caps on how much a premium can increase each year. So the insurers may simply decide that their best option is to stop offering that policy. That allows them to establish a new, higher price level on the exchanges.

That is what happened to me. Anthem is terminating all the existing policies, but not immediately. Under the ACA, they can keep those policies in force until their next anniversary. For me that anniversary would have been September 2014, but Anthem is offering to reset the anniversary date to December 2014. But after that, it is done. I have to move to an ACA policy after that.

My current policy is under $600/mo for two people. The cheapest policy on the exchange is over $1300, and it is a piece-of-crap policy that has a tiny provider network. None of the Docs I see are in network. The Anthem ACA policies don't pay anything for out-of-network except for emergencies. So if nothing changes by 2015, I will not be able to buy ANY insurance that covers me seeing my current doctors. I won't be able to buy any insurance that covers me being treated at the better hospitals in the city. Not at any price.