Health Insurance Plans About To See Major Shift

Lacy LangleyLife

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Health insurance plans have been disappearing with the enforcement of standards set up by The Affordable Care Act, also known as Obamacare.

For example, in New Mexico about 30,000 people are going to have to find new health insurance plans before January 1st or risk going uncovered.

Blue Cross Blue Shield sent letters out to many people from the area, including 13,000 who had supposedly been grandfathered in with the "if you like your plan, you can keep your plan" promise, stating that their plan doesn't meet the standards of the ACA and that they will have to get a new one.

According to Janice Torrez, vice president of external affairs and chief of staff at Blue Cross, the carrier is “moving our (affected) members toward selecting other plans.”

She continued, "There are so many plans available that I believe that members are going to find something that’s going to fit their needs.”

Hopefully that is the case, but many are worried that they are giving up plans that fit their needs and budget for more expensive health insurance plans with Obamacare that have coverage they don't think they'll need.

However, New Mexico Insurance Superintendent John Franchini thinks that all New Mexicans should be able to find a health insurance plan on the Exchange that's right for them.

“We got together and said, ‘This would be the right time to make sure all the citizens in the state who had a plan that wasn’t ACA-compliant would have the opportunity to convert to one’,” he said. “I look at this as a positive thing, not as a negative.”

Those who are worried about the cost could probably qualify for the federal subsidies. The Kaiser Family Foundation said that 83% of exchange enrollees in 2014 qualified for some form of federal subsidy or another.

Would these subsidies be of comfort to you if your perfectly good health insurance plan was about to disappear?

Lacy Langley
Lacy is a writer from Texas. She likes spending time in the home office, homeschooling her kids, playing the didgeridoo, caring for her chickens (Thelma and Louise), Rolos, Christmas, and Labyrinth.