posted on Nov, 10 2013 @ 02:24 PM
Let's get this straight. ...
You buy an insurance policy on the exchange and qualify for a subsidy.
The subsidy amount is paid directly to the insurance company and you pay the difference.
According to the law,,, if you pay at least one month's payment and then decide you "Can't" pay,,, then you are entitled to a 3 month "Grace
Period" that would force providers to continue 'coverage' (for the 3 month period) and possibly only get paid from the insurance company for the
first month of the "Grace Period" ?
I think I'm understanding this right but it's more confusion and may not be accurate.
But I wonder how much that will end up adding to everybody's rates ?
I'm sure the only people that will use this "Grace Period" are ones who are genuinely in need.
The article states that this has happened in Massachusetts under their State version of RomneyCare.
Can somebody please clarify this...
Obamacare Leaves Doctors On the Hook for Deadbeats
45 CFR 156.270 - Termination of coverage for qualified individuals
Tucked inside nearly 11,000 pages of the Affordable Care Act is a little-known provision that doles out three months of free health care to
individuals who choose to default on their premiums.
People who receive the federal subsidy to be part of Obamacare will be allowed to incur a three-month “grace period” if they can’t pay their
premiums and then simply cancel their policies, stiffing the doctors and hospitals.
Their only repercussion is that they have to wait until the following year’s open enrollment if they want coverage on the exchange.