We wrote a blog post a few days ago regarding why we are no longer taking new clients in the Individual Market due to the decision by insurance companies to stop working with agents and/or stop paying commissions. We also mentioned that there are constant changes in this industry and we are doing our best to stay on top of them.
Today, we want to briefly touch on some of the important things to know about the American Health Care Act (AHCA) that passed through the House of Representatives last week. Please know, now is not the time to panic. The bill did pass through the House but now it goes to Senate. This will be an extremely long process as Senate will make changes to it and send it back to the House. IF the bill is approved, it will then be signed into law by the President.
We have already started to receive calls and emails from clients wanting to change their plan. We want to be sure to clarify: the American Health Care Act (AHCA) is NOT the law as of yet. The Affordable Care Act (ACA, “Obamacare”) is still the law. This means all the regulations and penalties associated with the Affordable Care Act are still law as well.
Below is a chart summarizing and highlighting different provisions of the AHCA created by the National Association of Health Underwriters (NAHU) which we are members of.
We will keep everyone up to date the more we know but as of right now, there are no windows to make changes to your health plan.
For questions, comments, or concerns feel free to leave a note below or give us a call.