One of the major concerns for Americans with the initiation of the Affordable Care Act was whether or not individuals would be able to stay with their employer’s group plan if they so desired. The answer is yes. The ACA did not mandate individual coverage versus group coverage, but simply mandated minimum essential coverage for every individual. Oftentimes, that coverage can be obtained through an employer or a group health plan.
However, with the rise in the cost of insurance, many Americans are now asking the opposite question: must I continue with my group coverage or can I pursue a more affordable individual option for either myself or my family members? (more…)