Take the AARP Smart Driver course and you could save on auto insurance! Sign up today.
by Susan Jaffe, AARP Bulletin, May 24, 2010
Q. My insurance agent told me if I stay with my current policy, it would not be subject to any changes required by the new health care law. Is he right?
A. The insurance agent could be right but it’s too soon to know. Health plans in existence the day President Obama signed the health care reform legislation into law — March 23, 2010 — are exempt from some provisions if those plans have not changed since that time. Insurers are waiting for regulations that will explain what changes — like covering a new prescription drug — will cause a plan to lose its exemption and force it to follow the new requirements in the health care reform law, says Robert Zirkelbach, a spokesman for the industry trade group America’s Health Insurance Plans.
The plans that existed before the law and remain unchanged do not, for example, have to undergo the rate review mentioned in the previous question or provide the free preventive health benefits described in the next one. However, they are subject to many other provisions, including limits on how much of the premium must be spent on medical care and requirements allowing young adults to keep their family health coverage up to age 26. Check the chart from the National Association of Insurance Commissioners to see other exemptions for these plans.
Susan Jaffe of Washington, D.C., covers health and aging issues and writes the Bulletin’s weekly column, Health Care Reform Explained: Your Questions Answered.
Please leave your comment below.
You must be logged in to leave a comment.
Enter address, city, state, or ZIP code.
Driver Safety (0)
Tax Aide (0)
Entertainment & Dining (0)
Healthcare & Insurance (0)
Financial Services & Insurance (0)
Member Local Offers (0)
Visit the AARP state page for information about events, news and resources near you.
Members save 15% on medical alert service.
This tool helps you identify your pills by color, shape and markings.
Members can take a free confidential hearing test by phone.
AARP members receive exclusive member benefits & affect social change.
You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits.
Your email address is now confirmed.
Manage your email preferences and tell us which topics interest you so that we can prioritize the information you receive.
Explore all that AARP has to offer.
In the next 24 hours, you will receive an email to confirm your subscription to receive emails
related to AARP volunteering. Once you confirm that subscription, you will regularly
receive communications related to AARP volunteering. In the meantime, please feel free
to search for ways to make a difference in your community at