Why are some people unable to keep their prior insurance policies?
The terms of the Affordable Care Act (ACA) state that all plans must comply with the new minimum requirements. Under the ACA, insurance carriers are no longer allowed to drop people when they get sick, refuse coverage due to pre-existing conditions or impose lifetime caps on coverage. They are required to provide maternity and newborn care, hospitalization, mental health and substance use disorder services; prescription drugs; rehabilitative and habilitative services and devices; laboratory services; preventive and wellness services and chronic disease management; pediatric services, including oral and vision care; and young adults can stay on their parents’ policy until they turn 26.
Plans that did not previously provide those features had to be revised to include them. Learn how the ACA may affect you below.