Tuesday, November 19, 2013
9,000 CT policies canceled due to ACA standards
CT Insurance Commissioner Leonardi stated in an interview yesterday that 9,000 policies were cancelled recently because they were not grandfathered under the Affordable Care Act. Plans that were in place in March 23, 2010 (when the Act passed) and haven’t changed benefits or consumer costs in significant ways but don’t meet some new ACA standards for coverage may be grandfathered – or allowed to continue in place. Plans that are newer or did change significantly but don’t meet new standards cannot be grandfathered – 9,000 of them in CT. 27,000 CT policies in total were cancelled recently, most for reasons other than new ACA standards. Plan cancellations are not new and happen every year. The state is still considering what can be done to help people with cancelled coverage and whether a special legislative session is needed.