When to get a new plan under Obamacare?
March 30, 2010 10:11 AM Subscribe
Should I switch health insurance providers now, or wait, given Obamacare?
posted by philosophistry to Health & Fitness (7 answers total) 1 user marked this as a favorite
I want to switch to an insurance provider that has better customer satisfaction ratings and a lower number of complaints in our state's Department of Insurance, and I'm trying to figure out whether to do that now or wait in a few months.
I know that a lot of the provisions in Obamacare only affect "new plans." When does "new" start? Is that in September? Or is that effective now?
I had a meeting with an insurance agent the day after Obamacare was signed, and their system wasn't updated with certain provisions like the no-lifetime max. That's understandable.
I also can lock in my premiums too, but I don't know the interaction with that and the law. For example, if I lock in my rate, but I have a lifetime max, and then the insurance provider has to change all "new" plans to remove any lifetime maxes, will my premium stay the same?
I'm so confused. My gut tells me to wait 6 mos. to a year, to just let the policies work their way through system a little first, before trying to do something fancy like switch insurance providers.