Insurance commissioner pens open letter regarding new health exchange
As Obamacare’s new insurance exchanges have come online on at the beginning of October, Iowa’s Insurance Commissioner Nick Gerhart penned an open letter to inform the general public of some expected outcomes and key points for Iowans to consider when purchasing health insurance products.
The letter discusses some of the significant changes that are now required under the law.
These include “the elimination of any consideration of a pre-existing condition for acceptance of an application for coverage, the removal of all annual and lifetime benefit maximums, the extension of coverage for children covered under a parent’s plan to age 26, and minimum essential benefit standards to be followed by all plans.”
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