[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]
|
Status: Not Logged In; Sign In
United States News Title: Cancelled Healthcare Plans - What Did They Know, When Did They Know It? Cancelled Healthcare Plans - What Did They Know, When Did They Know It? nolu chan -- Internal Revenue Bulletin 2010-29 (19 Jul 2010), at pp 72-73 -- Impacts on the Individual Market - - - - - - - - - - IV. Economic Impact and Paperwork Burden 5. Estimates of Number of Plans and Employees Affected f. Impacts on the Individual Market Paragraph IV.5.f While a substantial fraction of individual policies are in force for less than one year, a small group of individuals maintain their policies over longer time periods. One study found that 17 percent of individuals maintained their policies for more than two years, [30] while another found that nearly [30] percent maintained policies for more than three years. [31] Using these turnover estimates, a reasonable range for the percentage of individual policies that would terminate, and therefore relinquish their grandfather status, is 40 percent to 67 percent. These estimates assume that the policies that terminate are replaced by new individual policies, and that these new policies are not, by definition, grandfathered. In addition, the coverage that some individuals maintain for long periods might lose its grandfather status because the cost-sharing parameters in policies change by more than the limits specified in these interim final regulations. The frequency of this outcome cannot be gauged due to lack of data, but as a result of it, the Departments estimate that the percentage of individual market policies losing grandfather status in a given year exceeds the 40 percent to 67 percent range that is estimated based on the fraction of individual policies that turn over from one year to the next. - - - - - [28] Adele M. Kirk. The Individual Insurance Market: A Building Block for Health Care Reform? Health Care Financing Organization Research Synthesis. May 2008. [29] Ibid. [30] http://content.healthaffairs.org/cgi/content/full/23/6/210#R14 “Patterns of Individual Health Insurance Coverage” Health Affairs (Ziller et al, 2004). [31] http://content.healthaffairs.org/cgi/content/full/hlthaff.25.w226v1/DC1 “Consumer Decision Making in the Individual Health Insurance Market” Health Affairs (Marquis et al, 2006). = = = = = = = = = ==
Post Comment Private Reply Ignore Thread |
|
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]
|