Do you have a Blue Cross Blue Shield policy in Texas?
| Policy Downgrades Suspended due to PPACA Interim Final Rules |
The Departments of Health and Human Services, Labor, and Treasury released interim final rules concerning grandfathered health plans under the Patient Protection and Affordable Care Act of 2010 (PPACA). Given the new details provided in the rules, BCBS has determined that a decrease in benefits (e.g., increasing deductible) will result in the loss of grandfathered status and that this change may result in a future premium increase that offsets any savings from the downgrade. As a result, Blue Cross and Blue Shield of Texas (BCBSTX) is temporarily suspending the processing of all downgrade benefit changes for individual member Texas health insurance policies. Any applications for downgrades in benefits that were not received prior to June 14 will be returned to members, explaining in additional detail this temporary change in processing policy downgrades.
Please note this is a temporary change for 90 days while we are reviewing the regulations and determining what changes may be allowed in the future.
Please feel free to contact Texas Health & Life if you have questions.
Looking for the best information and the best rates on Texas Health Insurance–visit www.texashealthandlife.com or give us a call at or 512-246-9955
Tags: Affordable Care Act, austin health insurance, Blue Cross and Blue Shield of Texas, Texas Health Insurance
