Health insurers have sent hundreds of thousands of notices to policyholders telling them that their individual or family plans will be canceled. That’s because their plans don’t meet the Affordable Care Act’s standards for coverage.
A new report by Families USA, a healthcare advocacy group, found 283,000 Arizonans have plans in the health insurance individual market.
Ron Pollack, the executive director of Families USA, said 74 percent of those Arizonans will be eligible for financial help when buying new coverage on the federal marketplace.
“All together about 3 out of every 4 people in the individual market will qualify for these subsidies," he said. "And that means that people who are getting these notice, once they learn about what they can get from the Affordable Care Act can be considerably better off than they were before.”
Last week, President Barack Obama announced a plan to allow insurers to renew existing plans, even if they don’t meet all the requirements of the new health care law.