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Key points to Remember about Your BCBSNC Grandfathered Plan

Wednesday, September 11th, 2013

If you like your Grandfathered Plan, keep it. Automatic renewal will continue coverage. If you switch to a new 2014 BCBSNC plan, subsidies may save you money. Not switching may mean you are “leaving money on the table”.

BCBSNC will be sending you your new 2014 rate in September. Starting October 1, you can go to Member Services to link to the Health Insurance Marketplace to confirm subsidies. You can compare your rate from our September rate letter to the rate of a new 2014 plan with subsidies. This side by side comparison will help you decide what is best for you.  Remember, changes to your plan must be made by December 15, 2013 for the plan to be effective January 1, 2014.

For more information on health insurance coverage in North Carolina, please visit our website at www.nchealthplans.com or call our toll free number 888-765-5400 and speak with one of our professional agents. Our agency provides coverage for health insurance in North Carolina through Blue Cross Blue Shield of North Carolina (BCBSNC). You may qualify for a 15% healthy lifestyle discount if you are in excellent health. Call us for details.

Information from a BCBSNC publication on 8/12/13.

Why 2014 Plans Will Be Different

Wednesday, September 4th, 2013

You are going to hear a lot about health care reform over the next few months, including information on federal subsidies.

+ Those individuals without a Grandfathered Plan will have to move to a new 2014 plan. Subsidies will make health care more accessible to more
people and ease the impact of higher premium costs.

+ Subsidies are determined by income and family size in relation to established Federal Poverty Levels.

+ You may qualify for subsidies, however, they do not apply to your Grandfathered Plan. You do have the option of switching to a new 2014 plan (leveraging potential subsidies), but these benefits may come at an increase to your monthly premium.

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Blue Cross Grandfathered Plans and Options

Wednesday, July 24th, 2013

As we begin to look towards health care reform, it will be important for you to decide whether to keep your grandfathered Blue Cross Blue Shield plan or to switch to a new Non Grandfathered plan.

You have flexibility. If you like your current plan, you ca stay with it.   For may people, this will be the best course of action because it may be the least expensive option.

You may qualify for a premium tax credit that can be applied to health insurance premiums; however, premium tax credits cannot be applied to your current grandfathered plan.  It may still be in your best interest financially to stay with your grandfathered plan.

Before moving forward, you should take the time to evaluate both the benefits of staying with your current grandfathered plan and the benefits of 2014 BCBSNC health care reform compliant plans.

The choice is yours. Remember, avoid the penalty and keep a plan.  It is important to note: once you leave a grandfathered plan, you cannot go back to it.  If you have questions, we’re here to help.

For more information on health insurance coverage in North Carolina, please visit our website at www.nchealthplans.com or call our toll free number 888-765-5400 and speak with one of our professional agents. Our agency provides coverage for health insurance in North Carolina through Blue Cross Blue Shield of North Carolina (BCBSNC). You may qualify for a 15% healthy lifestyle discount if you are in excellent health. Call us for details.

The information in this article was taken from “Health Care Reform is Coming” from BCBSNC on April 2013.

 
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