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by chimeracoder
1135 days ago
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> Does that page apply to employer based plans? It's not clear that it's not just discussing marketplace plans. It applies to all non-Medicare, non-Medicaid, non-grandfathered[0] plans for people under the age of 65. Ironically, once you turn 65, all bets are off: insurers can factor your age into your premiums, and people often get a massive rate hike then (usually prompting them to switch to Medicare). [0] A small percentage of employer-provided pre-ACA plans are grandfathered in, but they're few in number and decreasing over time. If you have a grandfathered plan, you probably know it, because it's required to be disclosed visibly in the plan documents when you enroll. |
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Not necessarily.
Self funded plans are underwritten. Fully Insured over 50 fte plans are underwritten. A carrier will underwrite based upon Medical History. Individual Short Term Medical plans are also underwritten.
>>It applies to all non-Medicare, non-Medicaid, non-grandfathered[0] plans for people under the age of 65.
Incorrect, see above.
>>Ironically, once you turn 65, all bets are off: insurers can factor your age into your premiums, and people often get a massive rate hike then (usually prompting them to switch to Medicare).
Again, not necessarily, Nearly all Americans over 65 have Medicare, as part A is required. The States regulate these plans so each state may be different in some way. Medicare supplements are often underwritten, but can be guarantee issue, again depends on the State.
>>A small percentage of employer-provided pre-ACA plans are grandfathered
Correct, these are getting priced out. They are underwritten. If you are on a GF/GM plan, then switching to LFP or similar is likely a smart move.