ATTORNEY GENERAL JAMES ISSUES GUIDANCE TO NEW YORKERS FACING HEALTH INSURANCE CHANGES
The following information was released by the office of the
New YorkAttorney GeneralLetitiaJames today released guidance to help New Yorkers understand their health insurance options and avoid scams as major changes to
"Losing health insurance can be stressful and confusing, and New Yorkers deserve clear, reliable information as they make decisions about their care," said Attorney General James. "As federal cuts force changes to health insurance programs across the country, I urge New Yorkers to use our guidanceand the freestateresources availableto find coverage that works for them. No one should be left with unexpected medical bills or pushed into a plan that does not meet their needs because they did not know where to turn."
The Essential Plan is a low-cost Affordable Care Act (ACA) marketplace plan available to some low- and middle-income New Yorkers who are not eligible for employer-sponsored insurance or Medicaid. The Essential Plan offers
Attorney General James released this guidance to support the approximately 450,000 New Yorkers who are set to lose Essential Plan coverage on
The OAG guidance outlines critical information to know before shopping for health insurance, including the specific benefits that plans must offer under the ACA, such as coverage for pre-existing conditions, prescription drugs, mental health and substance use treatment, lab services, and hospital and emergency care. Attorney General James provides breakdowns on the different types of plans available, such as:
Health Maintenance Organizations (HMO),whichdo not cover out-of-network non-emergency care and require referrals, but offerlower out-of-pocketcosts;
Preferred Provider Organizations(PPO), whichoffer a greaterselection of providers and tend not to require referrals, but have higherout-of-pocket costs;
Exclusive Provider Organizations(EPO), whichhave a more limited selection of providers andonly cover emergency out-of-network care, but do not require referrals and have lower out-of-pocket costs; and
Point of Service plans (POS), whichcover a larger number of providers but require a primary care provider for care coordination and often require specialist referrals.
When selecting a plan, Attorney General James urges New Yorkers to check whether their existing providers are in-network and prescriptions are covered, consider the full cost of each plan, and evaluate each plan's star and metal ratings. Star ratings are assigned by the federal government on a scale of one to five based on a plan's overall quality, medical care, member experience, and plan administration. Metal ratings describe the cost breakdown between the consumer and health plan:
Bronze plansgenerally havethe highestannualdeductibles and lowestmonthlypremiums, andrequire consumers to paynearly halfof the total cost of care even after meeting their deductible;
Silver planshave moderate deductibles and low premiums, and offer 70 percent coverage after a consumer meets their deductible;
Gold plans offerlow deductibles and higher premiums, with 80 percent of care covered after the deductible is met; and
Platinum plans have the lowest deductibles and highest premiums but cover 90 percent of all care once the deductible is met.
Attorney General James also warns New Yorkers to remain vigilant and to avoid enrolling in a scam health plan. New Yorkers should always be cautious of anyone who pressures them to enroll immediately, asks for payment to help renew coverage, promises a plan that sounds too good to be true, or requests personal information without proof that they are certified or authorized to help. In addition, New Yorkers should always check for official logos before completing forms and should only share personal information with trusted, verified sources, such as
Attorney General James encourages New Yorkers who are ineligible for government-funded health plans but who cannot afford an ACA plan to explore all options, including hospital financial-assistance programs (required under state law), discount drug cards, NYC Care, prescription drug patient-assistance (PAP) programs, or the Elderly Pharmaceutical Insurance Coverage (EPIC) program for seniors.
New Yorkers who enrolled in health insurance through
Anyone who believes they have been misled, scammed, or improperly enrolled in a health insurance plan is encouraged to contact OAG's Health CareHelplineforassistance.


Don't rely on the bank of mom and dad
WHAT TO EXPECT FROM KEVIN WARSH'S FED IN THE FIRST 100 DAYS
Advisor News
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
- ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
- Why women must be more engaged in investing
More Advisor NewsAnnuity News
- Jackson Financial CEO caps 40-year career with blockbuster Q2
- Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
- NAIC regulators begin consensus phase on annuity illustration overhaul
- AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
- Market-value adjusted annuities: Key considerations for advisors
More Annuity NewsHealth/Employee Benefits News
- 1199SEIU, owner of Auburn nursing home agree to new 3-year contract
- Health insurance trust weighs options to pay Blue Cross
- Study Findings on Managed Care Are Outlined in Reports from Lewis Katz School of Medicine (Geographic and Program Size Disparities in Medicare Funding for Graduate Medical Education): Managed Care
- Data from Southern Connecticut State University Provide New Insights into Managed Care (WIC Participation During Pregnancy and Low and Very Low Birth Weight by Race and Ethnicity): Managed Care
- Home delivered, medically tailored groceries improve diabetes control: Kaiser Permanente
More Health/Employee Benefits NewsLife Insurance News
- iA Financial Group Reports Second Quarter Results
- Supporting small businesses starts with smarter benefits conversations
- Judge again tosses Penn Mutual whole life lawsuit alleging tax scam
- Declined by a machine? The end of the unexplainable no
- AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
More Life Insurance News