Despite multiple promises from President Obama, as many as 250,000 Virginians and millions of Americans had health care plans cancelled under the Affordable Care Act (or Obamacare).
To help with this issue, the House of Delegates passed legislation on Monday to allow insurance companies to renew in 2015 health insurance plans that were cancelled under the ACA.
House Bill 5011 “authorizes health carriers to offer to renew any health benefit plan that would otherwise be required to be canceled, discontinued, or terminated because it does not meet the requirements of the federal Patient Protection and Affordable Care Act.”
The House of Delegates passed similar legislation, HB 1147, earlier in 2014. Unfortunately, the first bill was killed by the Senate. Unfortunately because of the delay, some insurance companies may not reauthorize plans that were cancelled under Obamacare. However, I believe strongly they should have the opportunity to do so, and hope they make those plans available to customers.