Tuesday, November 27, 2012

Yeah, about that promise...

You know the one:

"If you like your health insurance you can keep your health insurance."

That sound you hear? It's that promise going under the proverbial bus.

From Medical Mutual of Ohio (email):
"As part of the renewal process for our individual health plans ... we will introduce several key changes starting with January 2013 renewals.

... the Internal Revenue Service (IRS) changed the 2013 key amounts for health savings accounts (HSAs) and HSA-qualified high-deductible health plans.

Due to the revised guidelines, we can no longer offer Wellness HSA 1200 plans to our SuperMed One and Ohio Farm Bureau members. As a result, we will transfer all members enrolled in these plans at their renewal.

SuperMed One members will move to the Wellness HSA 1500 and Ohio Farm Bureau members will move to the Wellness HSA 1750. These members will see an increase in their deductible"
Ch-ch-changes, indeed.
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