From a Power Line reader in Iowa:
My insurance agent told me a week ago that I will be receiving notice that my insurance policy is not ACA compliant and will be discontinued. He told me my option is to start shopping for an Obamacare (ACA compliant) policy.
The policy is just on me. I am a 61 year old male with no health issues. I asked my agent, “Why is this policy not compliant with the ACA?”
Answer: “Your policy doesn’t include maternity care”.
Since I was able to go through strict underwriting standards to buy my current policy, I figured that on the exchange I will not be able to get a policy without paying significantly more since I will get no credit for being in good health. Furthermore I, a 61 year old male, will be paying for maternity coverage.
I hear those on the left saying that my policy is inferior and that I was “swindled” by buying such a product. Not having maternity care for a 61 year old male hardly makes my policy inferior.
“If you like your policy, you can keep your policy.”
I then asked my agent to get a quote for me for an ACA compliant policy. The ACA compliant policy will cost $106 more per month or $1272 more per year. And this ACA compliant policy will more than double the annual out-of-pocket expense from my $5,000 per year currently to $10,600 per year if I use out-of-network medical care.
To be fair, the ACA compliant policy does include maternity care for me.
“The average family will see an annual reduction in their premium of $2500 per year”