11-18-2013, 05:50 AM
Good news for people with cancelled junk health insurance policies: Obama proposed a regulatory fix that you can keep your junk policy if the private insurance company wants to reissue and extend it. It's up to the companies to choose to reissue or not. If they reissue the policy the insurance companies are then required to tell you that their policy that they had formerly issued you is substandard relative to the Obamacare, and they are required to tell you that you can look at the exchanges for better policies and that you may be eligible for subsidies or Medicaid. So if you liked your cancelled health insurance policy go talk to your insurance company and see what they have to say.