and of course you missed.Over 100K New Jersey Residents to Lose Their Affordable Health Plans under Obamacare
August 19, 2013
The latest casualty of Obamacare may be a low-cost New Jersey health-care policy. Though President Obama promised “if you like your health care plan, you’ll be able to keep your health care plan, period,” that will not be the case for approximately 106,000 New Jersey residents whose plans will disappear under the law.
Known as the “basic and essential,” or B&E, health-care plans, the policy costs as little as a couple hundred dollars per month and is the choice of 71 percent of New Jersey residents on the individual insurance market. It provides minimum coverage for things such as doctor’s visits and procedures that don’t involve a hospital stay.
"But now that B&E policies have become entrenched, some health care professionals say it is probably the time to pull the plug on them. That’s because despite the increased costs that come with more comprehensive coverage, B&E plans come packaged with something potentially worse: "A false sense of security," notes Raymond Castro, senior policy analyst at New Jersey Policy Perspective.
The most basic B&E plan, for example, provides each covered person just $600 for wellness services; $700 for physician’s visits for injuries and illnesses; and $500 for diagnostic tests, immunizations and other procedures done outside a hospital. On top of that, there’s no coverage for prenatal care, chemotherapy and ambulance services, among other things.
Insurance professionals say judging from the complaints and questions they hear from customers, people can be surprised at how quickly their benefits disappear.
"If you buy it when you’re healthy, you don’t think about it," Sheeran of Glenn Insurance said of B&E plans. "Then when something happens, you’re stuck."