If you watch the news, you’ve seen stories about the hundreds of thousands of people who have received cancellation notices from their health insurance providers. Recent reports indicate over 3.5 million notices have been sent, and experts suggest the number could reach as high as 9 million in the coming weeks. If you are covered by an individual policy, you may be wondering if your notice is in the mail.
Obamacare requires health insurance policies to cover ten basic types of services, including maternity care, substance abuse treatment and pediatric dentistry, among others. If an individual policy does not meet these requirements, it must either be modified or cancelled. Some insurance companies decided to offer new Obamacare-compliant policies, while others have decided to leave the individual insurance market altogether.
The individual mandate to purchase health insurance doesn’t go into effect until January 1st, so there is still time to enroll in a qualifying plan. If you have received a cancellation notice and need a new health plan, or have concerns about your existing California health policy, contact D&S Insurance Services today to compare plans and get covered.