INN Blog

More Posts
 

Plan To Simplify 2015 Health Care Renewals Could Backfire

By RICARDO ALONSO-ZALDIVAR, Associated Press
Associated Press

WASHINGTON (AP) — People who have health insurance on their jobs usually don't think twice about next year's renewal.

But if you are in one of the new plans under President Barack Obama's health law, that assumption could lead to costly surprises.

Industry officials, advocates and other experts say insurance exchange customers who opt for convenience by automatically renewing their coverage for 2015 are likely to receive dated and inaccurate financial aid amounts from the government.

If those amounts are too low, consumers could get sticker shock over their new premiums. Too high, and they'll owe the tax man later.

To avoid potential problems, consumers should update their personal information and plan choices with HealthCare.gov after open enrollment starts Nov. 15.

Copyright: Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Wordcount: 121



USER COMMENTS:


  More Top News

More Top News >>
  Most Popular Top News

More Popular Top News >>
Hot Off the Wires  Hot off the Wires

More Hot News >>

insider icon Denotes premium content. Learn more about becoming an Insider here.
Executive Positions Available for Seasoned Marketers