NASE News

Ask The Experts: Canceled Health Insurance

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Q: My health insurance plan was just canceled. My business is too small for group insurance. My insurance increased from a good PPO policy with a rate of $300 per month and a $1,000 deductible to a similar policy at $1,250 per month and a $10,000 deductible. I’m leery of giving my information to the new Health Care Exchange. I can’t believe I’m going to have to pay more for my monthly health coverage than my mortgage. What is NASE doing about health insurance?

A: I am sorry to hear about your situation and although it doesn’t really help very much, I can assure you that you are not alone. I wish I had a magic answer but unfortunately I don’t have one at this point. The NASE is expending a great deal of energy and resources to try and make a difference for our members and for all small business owners, but progress, as you might expect, is slow.

We are attacking this issue from two sides. First, we are trying our best to find good resources and good options for small business owners to find affordable options for their specific needs. You are probably aware that many rules and regulations prohibit business associations such as the NASE from having too much detail on any member medical choices. The NASE does not offer health insurance but does attempt to make options available as a resource to give small business owners a place to start as well as significant help in analyzing the Exchange Options that have been mandated by the Affordable Care Act.

On a second front, we are spending a majority of our time in Washington, DC advocating on behalf of small business to make sure our voices are heard. Your situation is very typical and we will continue to “yell” at the top of our lungs in Washington, DC for as long as it takes.

I know for a fact that we are working hard for you, but I also recognize that this information does very little to help you with your specific financial issue this very second. My best advice is to make your voice known as well. Also, check out more detail at www.NASE.org for the Exchange options as well as other options through companies such as Assurant Health, UnitedOne, and U.S. Health Group. Depending on your specific situation, one of these companies may be able to help you.

Keith Hall, NASE Health Insurance Expert