NCOIL to work on discontinued policy modelNews added by National Underwriter on November 27, 2012
National Underwriter

National Underwriter

Joined: April 22, 2011

By Allison Bell

The National Conference of Insurance Legislators (NCOIL) is trying to get ready for the possibility that the Patient Protection and Affordable Care Act (PPACA) will lead to a boom in discontinued health plans.

Members of the NCOIL Executive Committee decided at the group's recent annual meeting to set about developing a model law on discontinued insurance plans.

NCOIL's Health, Long-Term Care and Health Retirement Committee has been looking at the issue for months.

The committee wants insurers to tell enrollees in a closed block of business how likely they are to face premium increases and to inform the enrollees about any available options, NCOIL said.

NCOIL President Charles Curtiss, who serves as a state representative in Tennessee, said in a statement that consumers "need to know what they can do if they are stuck in a discontinued health plan."

"Very often, as the number of people in a pool shrinks, premiums rise, and consumers confronting a major illness can be left holding the bag," Curtiss said.

Originally published on LifeHealthPro.com
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