Monday, March 30, 2015

Health Insurance Policy Cancellations Uncommon in 2014


According to a Health Reform Monitoring Survey, nearly all of those with ESI reported that they did not receive a letter about changes to their plan in 2015 or received a letter. Key findings include:

Nongroup coverage (directly purchased)

  • 5.6% - received letter stating the plan was cancelled because it did not meet new coverage requirements or because of an unknown reason.
  • 2.2% - received letter stating the plan was cancelled because it did not meet coverage requirements.
  • 3.4% - received letter stating the plan was cancelled, but recipient does not know why.

Employer Sponsored Coverage (ESI)

  • 0.6% - received letter stating the plan was cancelled because it did not meet new coverage requirements or because of an unknown reason.
  • 0.3% - received letter stating the plan was cancelled because it did not meet coverage requirements.
  • 0.3% - received letter stating the plan was cancelled, but recipient does not know why.
Source: Health Reform Monitoring Survey

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