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Insurance Agency Predicts a Flood of Canceled Health Policies
A flood of cancelled policies will happen by years end. Individuals and families need to make informed decision. An Insurance agency steps in to assist in the process so they do not completely lose coverage.
The people in a community get their health insurance through their work, or purchase it on their own. They pay their premiums in good faith that the insurance will be there when they need, at claim time.
Even years later, they are still faithfully paying their insurance premiums only to be left out to dry by the insurance company at the end.
“We are anticipating a huge number of cancelation letters going out to policyholders,”
Butch Zemar, President at Elite Benefits of America.
Open enrollment starts on November 15th, 2014, 45 days before the policy cancels. “It will be a flood of cancelations like we have not seen before”, Zemar, continues.
The people inside a community need to get involved and seek out professionals familiar with the health care reform. This will not only save them from losing coverage all together, but learn something in the process. "When it comes to health care reform, learning can save you hundreds, if not thousands of hard earned dollars,” Zemar, adds.
The cancellation letters should be going out between the last week of September and the first week of October. This will give the policyholders sometime to figure out what they need to do, and consult a professional. The process can be confusing and overwhelming.
If you own a business, the rules and recommendations change a little, but not too much. Businesses should also review their situation to make sure they are not blindsided.
There is not much time to consider your options. Working with professionals, like Elite Benefits of America, which has been involved with ACA and changes to health insurance for individual, families and employers.
Elite Benefits of America works with businesses, individuals, and families throughout the Midwest on Employee Benefits and how the healthcare law will affect them going forward. Insurance agents at Elite Benefits of America have been through the training to assist individuals, families and business through the process of healthcare reform. For more information please contact them at 888-535-3006 or visit www.EliteBenefits.net