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Insurance Companies Drop Out of Obamacar...

Can Obamacare Survive this economy? Aetna, UnitedHealthcare, and Humana, three of the largest insurers in the nation are having trouble on the Obamacare exchange. If they can’t make it, how can other insurers make it?  This is the uncertainty surrounding Obama’s health reform law just a few months before the open enrollment begins for upcoming 2017. Aetna losing $430 million announced it will be dropping out of 11 of the 15 states it was offering Obamacare Insurance Policies. This follows UnitedHealthcare (HNH) which is downsizing to only 3 states where it will be...

What are Grandmothered Health Plans?

Many policies that are not grandfathered in; policies that had effective dates before 2014 yet after March 23rd 2010 are still exist. They don’t have to be fully ACA compliant and were initially scheduled for termination and were to be replaced with ACA compliant plans on their renewal date in 2014. Then announced by the Obama Administration in March of 2014 these plans could now be renewed until October 2016 as well as stay in force up till September 2017 without being fulling compliant with the regulations set by ACA rules. Grandmothered plans also known as transitional...

What are Grandfathered Health Plans?

There are varying degrees of exemptions for the ACA rules for plans that had been force prior to the year 2014. These plans that were Grandfathered in had to be in effect from March 23rd 2010 so there are some rules that apply could be exempt from many other rules. The Grandfathered plans could stay in force forever provided there still offed by the provider and don’t make substantial changes to the health plan. These plans are ever decreasing in numbers because of the normal turnover in the type of insurance products offered. No businesses have been permitted to purchase...
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