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.

Explore further: House passes bill to delay health care subsidies

Related Stories

House passes bill to delay health care subsidies

September 12, 2013
The House has passed another bill opposing President Barack Obama's health care law.

Feds propose fee on health insurers in new market

November 30, 2012
(AP)—Health insurance companies will have to pay to play in new health insurance markets coming under President Barack Obama's health care law.

HEALTH REFORM: Medicaid expansion will allow more to get more

September 26, 2013
(HealthDay)—Millions of Americans struggle to make ends meet but they don't qualify for Medicaid, the government-sponsored health program for the poor. Yet they don't make enough money to afford private health insurance.

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.

HEALTH REFORM: Exchanges will be cornerstone for coverage choices

September 23, 2013
(HealthDay)—A new way of shopping for health insurance is coming to your state.

Affordable Care Act unlikely to push employers to drop health insurance coverage

October 15, 2013
In the race for the best workers, small firms have always been at a bit of a competitive disadvantage when it comes to benefits they can offer.

Recommended for you

Number of older people with four or more diseases will double by 2035, say researchers

January 23, 2018
A study published today in Age and Ageing, the scientific journal of the British Geriatrics Society, reports that the number of older people diagnosed with four or more diseases will double between 2015 and 2035. A third ...

Placental accumulation of flame retardant chemical alters serotonin production in rats

January 22, 2018
A North Carolina State University-led research team has shown a connection between exposure to a widely used flame retardant chemical mixture and disruption of normal placental function in rats, leading to altered production ...

Marijuana use does not lower chances of getting pregnant

January 22, 2018
Marijuana use—by either men or women—does not appear to lower a couple's chances of getting pregnant, according to a new study led by Boston University School of Public Health (BUSPH) researchers.

Women run faster after taking newly developed supplement, study finds

January 19, 2018
A new study found that women who took a specially prepared blend of minerals and nutrients for a month saw their 3-mile run times drop by almost a minute.

Americans are getting more sleep

January 19, 2018
Although more than one in three Americans still don't get enough sleep, a new analysis shows first signs of success in the fight for more shut eye. According to data from 181,335 respondents aged 15 and older who participated ...

Wine is good for you—to a point

January 18, 2018
The Mediterranean diet has become synonymous with healthy eating, but there's one thing in it that stands out: It's cool to drink wine.

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.