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It's been quite a while since I've stop by the AARP website to discuss health insurance, as they've done a pretty good job of educating their members on the impact of the ACA (Obamacare).
Still, on occasion they miss something. Often overlooked is the benefit to those in the 55 to 65 age range who don't qualify for a government subsidy and may choose to continue to buy private individual insurance. Because this age band was targeted by most health insurers as "high (profit) margin," the 80% medical loss ratio requirement of the new law has a forced some insurers to lower rates to eliminate these excess profits.
But there's a catch: if you continue with your same insurance plan you now have, you may not receive the lower rate because your plan has been "grandfathered" in under the law, and your insurer can continue to charge you the old (higher) rate. Here's more information:
In my case, I was forced to reapply to receive the lower rate with the same carrier, but it saved me about $3,600 per year. No government handout, just a requirement that insurers not target certain groups and base rates on their actual costs. Just one of many reasons we need the ACA.