Why 2014 Plans Will Be Different

You are going to hear a lot about health care reform over the next few months, including information on federal subsidies.

+ Those individuals without a Grandfathered Plan will have to move to a new 2014 plan. Subsidies will make health care more accessible to more
people and ease the impact of higher premium costs.

+ Subsidies are determined by income and family size in relation to established Federal Poverty Levels.

+ You may qualify for subsidies, however, they do not apply to your Grandfathered Plan. You do have the option of switching to a new 2014 plan (leveraging potential subsidies), but these benefits may come at an increase to your monthly premium.

SUBSIDIES

+ Before you make a change, be sure to compare any new 2014 plan (including any subsidies) side by side with your Grandfathered Plan.
For many, staying with your Grandfathered Plan will likely be in your best interest financially.

+ If for some reason you should choose to leave your Grandfathered Plan,
you can never go back to it. So choose carefully.

Information from a BCBSNC publication on 8/12/13.

For more information on health insurance coverage in North Carolina, please visit our website at www.nchealthplans.com or call our toll free number 888-765-5400 and speak with one of our professional agents. Our agency provides coverage for health insurance in North Carolina through Blue Cross Blue Shield of North Carolina (BCBSNC). You may qualify for a 15% healthy lifestyle discount if you are in excellent health. Call us for details.

This entry was posted on Wednesday, September 4th, 2013 at 8:00 am and is filed under Affordable Care Act (ACA), BCBSNC Insurance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.