NJ Obamacare: NO decision yet on whether canceled health insurance can be renewed
Hundreds of thousands of New Jerseyans whose health insurance carriers canceled their policies still don’t know whether they’ll have a chance to keep their old health insurance plans.
That’s because health insurers continued to await word Wednesday on whether New Jersey regulators would allow them to sell insurance policies that don’t meet the standards set by the Affordable Care Act, nicknamed Obamacare.
And the state said they’ll have to wait some more.
The delay prompted brokers to warn individuals that even if the state allows them to purchase their old policies again, the prices still might be higher. And it prompted small-business owners to discover a way to delay the impact of new insurance plans at least for another year.
“I don’t believe there’s going to be a way to back out of (the initial requirements),” said David Oscar, a benefits consultant with Altigro, a financial services firm in Fairfield and a former president of the New Jersey Association of Health Underwriters trade group.
The issue is the latest flare-up in the rollout of the Affordable Care Act. It involves an estimated 800,000 New Jerseyans who are insured through policies sold either on the individual market or the small-employer market — about 10 percent of the state’s population. (Diamond/Politico)
https://www.app.com/article/20131120/NJBIZ/311200123/NJ-Obamacare
