888-765-5400BCBSNC ANNOUNCES – 2015 YOU CAN KEEP YOUR PLAN
Transitional Plans Available for 2015 – Applies to Both Individual and Small Group Plans
Blue Cross Blue Shield of North Carolina will extend individual and small group transitional plans* for the 2015 year.
Background Information: On March 5, 2014, the White House provided additional guidance on the transition policy for individual and small group health plans that was originally announced on November 14, 2013. This guidance announced that carriers could once again extend this benefit for additional plan years. Extension of these “transitional plans” was not a requirement. Carriers could elect to offer or discontinue the plans.BCBSNC has elected to allow individual and small group transitional members to continue to keep their plan for the 2015 plan year.
Key Points:
Annual rate changes that occur at the group renewal date, or on January 1 for individual policies, will apply to these transitional plans.
Individual policies: Members will lose transitional plan status if they move to another plan, or if they drop maternity coverage. Once transitional plan status is lost, members cannot switch back to their transitional plan.
Exceptions: Some changes can be made without losing transitional plan status: Members on an individual policy may add maternity coverage without losing transitional status. Members may add dependents without losing transitional plan status. Members may remove dependents without losing transitional plan status. Group policies: Groups will lose transitional plan status if they move to another plan. Once transitional plan status is lost, groups cannot switch back to their transitional plan.
Info provided by Blue Cross Blue Shield of North Carolina on 06/11/2014
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). It would be our pleasure to help you navigate through the Health Care Reform changes in accordance with the new regulations of Obama care. Call us for details.