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2015 Health Plans Differ From Past Coverage Due To New Law
The national open enrollment under the health care law is 45 days away from taking off for 2015 plans. Some people may see no change from their 2014 plans. Many more are going to see some changes like they have not seen before.
Under the Affordable Care Act, there are requirements set in place for the insurance company to offer plans to policyholders. This did put a burden on the costs. There are added benefits to make the coverage better than it was before.
The new plans have to be a "Qualified Health Plan", or QHP. There are four things that were required by the new law to make it a QHP:
1. Essential Health Benefits
2. Meets the actuarial values set by the new law
3. A Metallic Plan
4. No preexisting conditions
“Depending how you look at it, this could be good or bad”, says Butch Zemar, President at Elite Benefits of America.
Many people in America were having a problem obtaining coverage, their coverage lacked good benefits, or a combination of the two. The new law offered some relief to these people.
Those who were not able to obtain qualify coverage now can get the coverage they deserve. “The Essential Health Benefits has brought more value to those paying higher premium as a result of the new health law”, Zemar adds.
There are thousands of policyholders are about to lose their coverage December 31, 2014 due to insurance companies discontinuing their plans. They will have to take on a new QHP in order to maintain coverage going forward. Knowing what to look for will help with the process.
Butch Zemar is the President at Elite Benefits of America. Elite Benefits of America is an Employee Benefits Consulting firm. Their insurance agents assists individuals, families and small businesses find the best coverage to meet their needs. For more information, please contact them at 888-535-3006 or EliteBenefits.net