Study: Many Individual Insurance Plans Don’t Meet Obamacare Standards

Most individual insurance plans do not meet the standards required in the Affordable Care Act, so Americans who purchase these plans will receive much more generous coverage once Obamacare has been fully implemented in 2014. According to a study published in Health Affairs, even the most basic plan under ACA would offer better care than the majority of individual insurance coverage now. The health reform law establishes that insurers have to cover 60 percent of a plan’s total cost, but only one-third of individual plans do that now and more than half cover less than 60 percent. After regulations are in place, individual insurance customers will not have to shoulder as much of the burden for the cost of their plans.