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November 26, 2012 at 08:04 AM
The National Conference of Insurance Legislators (NCOIL) is trying to get ready for the possibility that the Patient Protection and Affordable Care Act (PPACA) will lead to a boom in discontinued health plans.
Members of the NCOIL Executive Committee decided at the group’s recent annual meeting to set about developing a model law on discontinued insurance plans.
NCOIL’s Health, Long-Term Care and Health Retirement Committee has been looking at the issue for months.
The committee wants insurers to tell enrollees in a closed block of business how likely they are to face premium increases and to inform the enrollees about any available options, NCOIL said.
