Health insurance policy cancellations due to Obamacare - | WBTV Charlotte

Health insurance policy cancellations due to Obamacare


The Affordable Care Act roll out has its technical glitches.  People are frustrated looking for health insurance. And now many people in our area are learning through the mail the individual plan they had won't exist after January 1st.

At Liquid Ice in Union County, they make a coolant for manufacturing machines.

"It's for metal cutting," said Henry Rabinovich, president of Liquid Ice. 

Rabinovich runs the small company.

"We package it here and it gets shipped out of here," said Rabinovich.

He said for health insurance, each of his five employees including himself have individual health insurance plans.

"You have to have insurance," said Rabinovich, "I would never want anyone to go without insurance."

But he said his regular renewal letter from Blue Cross Blue Shield was a shock.

"It says your current plan is not available for next year," said Rabinovich.

Rabinovich said he paid $348 a month for a plan. He said the new suggested plan is a 335% increase.

"$348 a month we had exactly the same plan that they are now going to charge $1,166," said Rabinovich.

But it's not exactly the same.

"For instance pregnancy is now covered," said Rabinovich, "That's great. You tell my 63-year-old wife she's now okay to have a baby." 

"All of this is mandated as part of the law," said Suzy Johnson, president of Employee Benefit Advisors of the Carolinas.

Johnson, a health insurance broker, said all plans have to comply with the law, unless you had a plan from before March 2010.

WEB EXTRA: Do you qualify for a subsidy? The Kaiser Family Foundation has a calculator.

"Quite a number of policies had the benefit of grandfathering which means they had the policy prior to when the law was passed and they haven't made any changes," said Johnson.

CBS News confirms about 2 million people in the United States are learning like Henry Rabinovich that their current plan isn't grandfathered or compliant.

"I don't know how people are going to be able to afford this," said Rabinovich.

The government's response would be a subsidy. 

"About a third is going to see a significant difference and disruption in what they've been paying," said Johnson.

Rabinovich makes too much for a subsidy and just wants to keep what he had. 

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