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“I Got a Health Insurance Cancellation Letter” – What To Do

Did you lose coverage? HealthKY is here to help!

Millions of Kentuckians have received health insurance cancellation letters from their providers informing them that their current insurance plan has either been changed, discontinued, or worse yet cancelled. So what happens now? How do the now uninsured get insurance? HealthKY is here to make this as simple as possible for you.

The Cancellation Letter Break Down

What does your cancellation letter mean? There are three options:

Your plan is still available but there’s a fine.
Your provider is informing you that your health plan is still available through them but it doesn’t meet the “minimum essential benefits” required by law. You will be charged a fine of $90 per adult and $45 per child each year if you keep your current plan.

Your plan has been cancelled.
Your provider has decided to terminate your plan because it doesn’t meet the “minimum essential benefits” required by law. They are informing you that if no action is taken on your part, they will automatically enroll you in a new plan that closely resembles your canceled health plan.

Your plan was “grandfathered in”.
If you purchased your health plan before March 23, 2010, you’ve been “grandfathered in” and no action is required at this time.

When do I have to sign up for health insurance?

The deadline for new health care is March 31st, 2014. You have until that date to buy health insurance under the new Marketplace. Be aware, that it takes 15 days for coverage to go into effect. If you’d like coverage by January 1st, 2014, you’ll need to be signed up by December 15th, 2013. Get started today with – click here to get covered.

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