Help! My policy is getting cancelled

Losing your individual health insurance in Tennessee? We can help.

We all knew this day would arrive when The Affordable Care Act "ObamaCare" began in 2013, now it's here and you have to make some very important decisions about your healthcare options. First and foremost, this is not the end of the world, there are good options and many will actually save money and/or get better health insurance. Of course, that also means some will pay more and may not have as good of coverage as they have today.

Blue Cross Blue Shield of Tennessee has announced they will require members to renew to the new EHB plans beginning on January 1, 2016. You MUST apply for this new coverage, it will not just convert so pay attention to your mail.,

Also important is you have to apply by the 15th of the prior month for your policy to take effect the first of the following month. If your policy is terminating on November 1st, you have to apply by October 15th.

The new health policies are called Essential Health Benefit "EHB policies. That means they are required to provide the 10 essential health benefits required in the ACA rules. That means policies can no longer have pre-existing conditions or exclusions for any medical conditions. Insurance companies cannot charge you a higher premium because of your health status. Children receive comprehensive dental and vision coverage as part of the medical policy (to age 19) and many with lower incomes will qualify for substantial premium and benefit subsidies.

Open enrollment and qualifying events

Along with the requirements for insurance companies to provide this type of unlimited coverage, there are also rules about when you can apply and receive a policy. You can't just wait until you need insurance to buy a policy, you must do so during "open enrollment. The main open enrollment period runs from November 15th through February 15th. The only other way to receive health insurance is due to a "qualifying event. A qualifying event can be losing your insurance at work or the insurance company cancelling your individual policy. Others include getting married, divorced, the birth or adoption of a child. The important thing is that you only have 30 days from that loss of coverage to get signed up for a new policy so don't delay.

How do you apply to get a new policy?

We have helped thousands of Tennesseans with their health insurance over the years and can help you too. We put together a "health insurance guidebook to help you understand the new policies, what they cover and how much they cost. While the new policies may look a little different than what you currently have, there are many options and you should be able to find one to meet your needs and budget. Apply here

Do I qualify for a subsidy?

Many will qualify for premium and benefit subsidies. We recommend using our "subsidy calculator before you apply to see if it makes sense to apply on the healthcare.gov website. If you don't qualify for a subsidy, save your time, energy and frustration by using an agent and avoiding the frustration of healthcare.gov to purchase your policy.

Have questions or need help? Feel free to call us at 615-724-1701 or send us an email,,

 

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