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Back You are here: Home News Local and State News State Goodwin Calls on Insurers Not to Cancel Health Insurance Plans

Goodwin Calls on Insurers Not to Cancel Health Insurance Plans

RALEIGH, N.C. : November 15, 2013 - Insurance Commissioner Wayne Goodwin today announced efforts to prevent health insurance plans from being terminated in North Carolina. More than 473,000 people in the state have received notice from their insurance companies that their plans are being terminated because they do not meet the requirements of the Affordable Care Act. Yesterday, President Obama announced a policy allowing insurers to offer policyholders whose health insurance coverage would otherwise be terminated the opportunity to keep their current plan for another year. Due to concerns that people will lose their plan and not be able to purchase coverage through the federal health exchange at www.healthcare.gov in a timely manner, Goodwin is allowing for an expedited review process at the Department of Insurance so that insurers can quickly establish 2014 rates and begin offering the plans that were going to be cancelled to current policyholders. "I'm calling on our health insurers to take advantage of this opportunity, and I've directed my staff to do what is necessary to make sure that insurers can allow their policyholders to keep their plan for another year," Goodwin said. Goodwin recommends that North Carolinians take the time to shop around and compare the costs and benefits of all health insurance plans available. People can compare coverage and find out if they are eligible for federal subsidies on the federal exchange website www.healthcare.gov. Those who are not eligible for a subsidy can purchase coverage through the federal exchange or from insurance companies offering coverage outside the exchange. President Obama today announced a policy allowing insurers to offer policyholders whose health insurance coverage would otherwise be terminated the opportunity to keep their current plan. According to data collected by the North Carolina Department of Insurance, more than 473,000 people in North Carolina are faced with their plan being terminated by their insurance company. Insurance Commissioner Wayne Goodwin issued the following statement: "I have been, and remain, deeply concerned about North Carolinians who may lose or cannot access health insurance, and I appreciate any effort by the federal government to help us address cancellations of coverage. Given the President's announcement, my staff and I are gathering information and analyzing the options available to us at the state level to best protect North Carolina consumers."