Sticker shock often follows insurance cancellation

November 2, 2013 by Kelli Kennedy

Millions of people across the country are trying to figure out what to do after receiving notices that their individual health insurance policies are being discontinued because they don't meet higher benefit requirements of the federal Affordable Care Act.

They can buy different policies directly from insurers for 2014 or sign up for plans on their state exchange. While lower-income people could see lower costs because of generous government subsidies, many middle-class families and individuals are likely to get a rude awakening when they access the websites and realize they'll have to pay significantly more for .

Those not eligible for subsidies generally will receive more comprehensive coverage than they had under their soon-to-be-canceled policies, but they'll also have to pay a lot more for it.

Related Stories

Big step—or stumble—for US health care law Tuesday

September 30, 2013

Millions of uninsured and low-income Americans will sign on to subsidized health coverage beginning Tuesday in a revolutionary system that is still working out technical kinks—and confronting heaps of political pushback.

Recommended for you

New weapon in the fight against malnutrition

August 4, 2015

UBC scientists have opened the doors to new research into malnutrition by creating an animal model that replicates the imbalance of gut bacteria associated with the difficult-to-treat disease.

Can four fish oil pills a day keep the doctor away?

July 7, 2015

Fish oil is one of the most popular dietary supplements in the U.S. because of the perceived cardiovascular benefits of the omega-3 it contains. However, scientific findings on its effectiveness have been conflicting. New ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.