Did you figure out that you or someone you knew had been sucker punched by health insurance? I know you’ve been holding on to your seat for me to discuss 2015! Last time we ended talking about re-enrollments and it costing people more money unless they went on to the exchange site and shopped around.
Once again people who had health insurance thought they were safe. Knock Knock. Whose there? Time for you to assess once again if health insurance has delivered a major sucker punch. When the individual mandate came into effect, Health Insurance co-ops weer formed in 23 states. The purpose of the health co-ops were nonprofit organization in an effort to offer insurance through the Marketplace. The rule was that these Co-ops had to be self-sustaining. Remember there were 23 co-ops formed. Here is what happened.
Remember, the insurance enrollment period ended January 31, 2015. Watch this chain reaction.
Up to the starting lines in February comes Iowa and Nebraska saying they are closing the Co-op. They will not be offering health insurance for 2016. How many affected?
Next up to the lines in July was Louisiana Health Cooperative saying they would cease operations at the end of the year. How many affected?
At the end of August, look who came on board… Nevada Health saying they would close at the end of 2015. How many affected?
September saw the NATION’s LARGEST Co-op, Health Republic of NY announce it was going to terminate at the end of 2015. How many impacted?
October was full of surprises.. Kentucky Health Co-op announced its closing. How many impacted?
Not even a week later, Tennessee announced that Community Health Alliance would close at the end of the year. How many impacted?
Two days after Tennessee….. Colorado Health Op announces it was decertified by the Colorado Division of Insurance. How many impacted?
Almost immediately after that, Oregon’s Health Republicc was next to cut the cord. How many impacted?
October seems to be the month that keeps on giving. South Carolina announced Consumers Choice would wind down by years end. How many impacted?
Utah Insurance department then announces Arches Health Plan will cease operations by year’s end. How many impacted?
Now two days before Open Enrollment… November 1, 2015, Arizona Dept of Insurance says Meritus would cease selling and renewing coverage. WOW!! How many impacted?
I was not surprised by this because most of the co-ops were struggling when I was watching the Congressional Hearings.
Enrollment started on November 1! There’s only 12 Co-ops remaining and here comes Consumers Mutual of Michigan in trouble. They won’t offer plans for 2016!
When this happened in Colorado, I started posting the information and I had people saying “Oh no, that’s me”. They had not been notified.
There were people asking the question: If they kept their doctor’s appointment until the end of the year, would the insurance cover it? They were told as long as your premium has been paid, yes!! That was nice in theory, however some doctor’s offices were saying we can’t be guaranteed we are going to be paid, so they turned consumers away!
How do you approach Open Enrollment for 2016 if you fall into one of those Co-ops having to start over? Do you even know if your doctor is going to be a part of the network? Can you trust what the health insurance company tell you? Oh wait a minute, they may not have even told you your policy was cancelled.
Part 3 is coming……..