Reportedly, one of the many ideas recently floated by the Administration was encouraging health insurance companies to offer what Administration officials called and newspaper reporters wrote would be, 'retroactive insurance coverage'. The idea is to offer some resolution to the dilemma of millions of people who could not sign up for Obamacare on www.healthcare.gov, due to the massive failures of that website (which have been documented elsewhere). Millions of people could still have health insurance coverage as of January 1, 2014 and afterward, under this resolution of the thing, if health insurance companies would only issue so-called 'retroactive coverage'. These reports were explored from an insurance perspective here in an article posted on December 16, 2013, IGNORANCE OF INSURANCE IS DANGEROUS TO OUR HEALTH.
The idea of so-called 'retroactive insurance coverage' did not implicate retroactive insurance coverage at all. The Administration's idea, translated, was actually to postpone payment of insurance premiums by a few days to allow more people to sign up now, and pay their premiums later. (If the applicants do not pay their insurance premiums, they will not have insurance coverage, of course.) See Tara Siegel Bernard, "Your Money / Weighing Health Plans: The Devilish Details" p. B1, col. 4 (New York Times Nat'l ed., "BusinessDay Section," Saturday, December 21, 2013), an article which also provides a lot of useful information on Deadlines, Deductibles, Networks, Coinsurance, and Drug Plans.
© 2013 by Dennis J. Wall. All rights reserved. No claim to original U.S. Government works.
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