Graham-Cassidy Would Weaken Protections for Older Adults and People with Preexisting Conditions

A late-breaking attempt to repeal and replace the Affordable Care Act (ACA) threatens to weaken critical federal consumer protections and raise costs for older Americans ages 50-64 who purchase health insurance coverage in the individual market. Tucked into the sweeping legislation known as the Graham-Cassidy bill are provisions allowing states to receive waivers from crucial consumer protections. Such waivers could allow insurance companies to increase costs for older consumers based on their health, preexisting conditions, and age–potentially putting health coverage …

Under the Senate Health Bill, All Older Adults Would Pay Much More for Individual Health Coverage

The just-released Senate bill, the Better Care Reconciliation Act (BCRA), is very bad news for older adults. The bill would reduce financial assistance (premium tax credits and cost-sharing subsidies) and change rules on how much premiums can vary by age (age rating). As a result, people ages 50 to 64 would have to pay thousands of dollars more in premiums to buy health insurance in the individual (nongroup) market. Here are four ways the bill would increase the cost of …

Stability Fund Won’t Keep Premiums From Going Through the Roof for People With Preexisting Conditions

The American Health Care Act (AHCA), H.R.1628, allows states to create high-risk pools for people with preexisting health conditions under certain circumstances. High-risk pools are supposed to provide access to health insurance for people who cannot get coverage in the individual (non-group) health insurance market. In a previous analysis, we noted that states have never funded high-risk pools adequately. The result: A small number of consumers paid very high premiums for skimpy coverage. Many others went without health insurance because …

‘Age Rating’ Is Washington-Speak for Overcharging Older Americans

If you have a hard time understanding what the wonks in Washington are talking about, welcome to the club. Beltway buzzwords are at dime a dozen on Capitol Hill, but there’s one particular term to watch out for that simply means massive health care premium hikes for older Americans. “Age rating” is the practice of varying health insurance premiums based on age. It’s Washington-speak for overcharging older Americans by thousands of dollars for their health care. >> Ge the news …

Protecting Affordable Health Insurance Premiums for Older Adults

The Affordable Care Act (ACA) established a 3-to-1 limit on age rating of health insurance premiums, meaning that older adults who purchase coverage on their own cannot be charged more than three times the amount a younger person is charged for the same health plan. This important provision protects consumers by limiting the amount health insurance companies can charge people based on their age. Recently, some have called for weakening or eliminating the ACA’s limit on age rating, which would …

Study: Health Plan Buyers Will Save Money If They Shop

You better shop around. For holiday gifts? No, for a 2016 health insurance plan on the federal marketplace, healthcare.gov. Millions of consumers who are enrolled this year could pay higher rates if they stay in the same health plan next year, according to a study released Wednesday by the Kaiser Family Foundation. Read the latest exercise and memory-sharpening tips, health care reform and more! — AARP Health Newsletter » The KFF analysis found that in nearly three-quarters of counties in 36 states served …