The main stream media will have everyone freakout that policies will be cancelled, when in fact, upgraded policies is more the word to use.
The truth is policies will change (cancelled and reissued). Insurance companies can not kick you out, they must provide you a minimum level of service. SO, policies that don’t meet the minimum requirements might require an UPGRADE.
If you want to check the government exchanges and change your coverage/policy and if it costs more, then you can apply for SUBSIDES, yes you can get money from the government if you qualify. And if your cost is going up, you probably WILL qualify and you will end up will BETTER insurance that actually covers something, not the one you have that gets you nothing.
This is the consumer protection aspects of coverage minumums that the ACA makes sure you have by law. (No more BAD policies).
But the MSM will have you spin into a freakout. Here is a typical MSM story today:
Millions of Americans are expected to lose their insurance because their current plan does not meet the new Affordable Care Act standard, according to a new report.
Also, The White House Grants Extension On Obamacare Enrollment until end of March. (6-week extension to the individual mandate)
The Affordable Care Act, also known as Obamacare, states that insurance policies in effect as of March 23, 2010 would be “grandfathered” into effect. This means customers would be able to hold on to their existing policy even though it does not meet the new Obamacare requirements, which went into effect on October 1, 2013.
But in the time since the Affordable Care Act was signed, the Department of Health and Human Services added stipulations that narrow the so-called grandfather provision. Any policy that was significantly changed – for example: the deductible, co-pay, or benefits, among other factors – would not be grandfathered.
NBC News reported that few Americans were aware of this creeping regulation, though cancellation figures have been available since 2010, and somewhere between 50 and 75 percent of the 14 million customers who buy their insurance individually should expect a “cancellation” letter sometime within the next year.
One source said the total may be as high as 80 percent, with those forced to buy new policies expected to experience “sticker shock” at the pricey new rate prior to any applicable government subsidies.