The only insured who get cancellation notices directly from the insurance companies are those in the private insurance markets.Trevor wrote:
So far, something like 3 million people have gotten cancellations notices, mostly people who bought their own insurance and do not get it through their employer.
In the large employer market the employer, not the employee, are the ones who get the policy cancellation notices.
Employers offer whatever insurance plans they want each year, and the plans offered can be completely different insurance plans from the previous year, or just minor changes to the previous years plan. The employee would never know if the plan he had last year was canceled and a new plan was offered for next year unless he checked.
It is estimated that between 40% and 60% of the policies offered by large companies have changed enough to fall under the new Obamacare Regulations, rather than the ERISA regulations that applied to "Grand Fathered" employer sponsored plans that have not changed.
The best way to tell, if you are an employee signing up for your insurance policy for next year, is if your prescription drugs plan use to be separate, and now it is part of the the Health Care plan, you are probably now under Obamacare regulations.
If the the annual deductible for each tier of policies offered is much higher next year, than it was for the same tier this year, then you are probably under the Obamacare regulations.
Many employers are voluntarily making the change to Obamacare regulated plans, even if they are not forced. Obamacare regulations allow a larger portion of the health care costs, for each tier, to be paid by the employee, than in the ERISA plans that they are moving away from. The most obvious changes are the larger annual deductibles and the larger hospital co-pays and the larger doctor co-pays allowed under Obamacare regulated health insurance plans, meaning when an employee get's sick the employee will pay a larger portion of the cost of going to a doctor and a much larger portion of the cost of going to the hospital . Larger annual deductibles and larger co-pays also normally mean the employees use health care less often when sick resulting in double savings for the employer.
