Health Insurance Policy Cancellations Could Mean Higher Premiums With New Plans

For about the past week or so, health insurance broker Stephen Hunt has been getting phone calls from unhappy clients.

“They just keep building up and up and up and up and up," Hunt said.

The calls are coming from clients who have been notified by their insurer that their policy expires at year’s end and most will have to purchase plans with much higher premiums and much higher deductibles, he said.

“We’re not talking about a minor difference in premium. We're talking about a mortgage payment difference in premium for a lot of people," Hunt said.

Anne Melissa Dowling, the deputy commissioner of the Department of Insurance, said “that’s something we’re really concerned about."

Dowling says some 55,000 people across the state will have their policies canceled either because  it no longer meets the requirements of the Affordable Care Act or because grandfathered policies that didn’t need to meet requirements have simply been canceled by the insurer.

It is important, Dowling said, that they consider their options and, in particular, options available through Access Health CT, which may provide significant subsidies for individuals and families.

Anyone with questions can call the Department of Insurance, where well-versed experts can answer all questions, or they can call Access Health CT or consult with a knowledgeable broker, she said.
 

Contact Us