250K Virginians may lose plans because of Obamacare requirements
RICHMOND, VA (WWBT) - A quarter million Virginians will need to choose from new health insurance plans by the end of the year, in part because old coverage options do not comply with the Affordable Care Act.
Five simple words, 'you can keep your plan,' are coming back to haunt President Obama, as Virginia plans that do not meet Obamacare standards will be canceled within months.
"What's happened is that the law has changed," said Doug Gray, executive director of the Virginia Association of Health Plans. "We're not allowed to offer those plans anymore. So what we're saying to people is you need a plan that's compliant with the law."
If your plan is canceled, you will receive a letter in the mail from your insurance company in the next few weeks. The letter will include a list of new options to chose from that are now compliant under Obamacare.
But Republicans are saying many of new options will most likely have customers paying more. The possibility was acknowledged in a tense back and forth at the General Assembly.
"It'll be higher co-pays and that type of thing?" said Va. Sen. Frank W. Wagner (R-Virginia Beach).
"Absolutely," said Gray.
"We're talking about a quarter million individuals who are going to get that?" Wagner asked.
"No question," Gray responded.
"I just want to get ready to talk to my constituents," said Wagner.
Democrats say the increase in premiums may not be for long. Instead, a short term spike could subside as the pool of insured Americans becomes larger.
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