Can you keep your health plan?

Grandfathered health plans are those purchased with no major changes since March 23, 2010. Some insurance companies choose not to renew grandfathered health plans, while others are preserving these contracts. If your insurance company has not forced you off of your grandfathered plan yet, it is likely you will be able to continue your plan.

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Grandmothered health plans are those purchased (or changed) after March 23, 2010, but before January 1, 2014. In an effort to facilitate the transition  from a grandmothered plan to a new Affordable Care Act-compliant plan, the federal government approved an extension for these plans, known as  ‘transitional relief’. Arizona also approved the transitional relief, but final decisions were left with the insurance companies. Below are a list of the insurance  companies and how they decided to handle their grandmothered small group and individual health plans in Arizona:

Company’s allowing you to KEEP your plan in 2015:

  • BCBSAZ (Individual)
  • BCBSAZ (Small Group) – if renewing 8/1 – 12/15
  • Golden Rule (UH1 Individual)
  • Humana (Small Group)
  • Assurant Health (All)

Company’s that require a REPLACEMENT plan starting in 2015:

  • Aetna (Individual)
  • HumanaOne
  • HealthNet – already transitioned to ACA plans

How long these plan will be extended for depends on the insurance company. Please refer to the notice you receive from your insurance company for details.

If your insurance company is not listed here, contact us and we can find out if your plan will need to be replaced in January or not.

In some cases, a new plan may be a better solution than your current plan. We recommend you contact your broker or L & A Services to review your options during the 2015 open enrollment, which runs from November 15th, 2014 – February 15th, 2015. After open enrollment, you must have a qualifying life event to purchase health insurance.

This information is accurate as of the day of this post, and is subject to changes made by the USA, the state of AZ, and/or the insurance companies themselves.

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