ACA and regulatory compliance today can be the source of great concern and frustration for plan managers.
With the Affordable Care Act (ACA) still intact, many questions have been raised around why carriers are leaving the marketplace and what plans are going to work best for participants, specifically those that are aging. Annette Bechtold, SVP of Regulatory Affairs and Reform Initiatives shares her insight to help others better understand the issues at hand in Medical Guardian’s article, What Retiring Adults Need To Know About Needing Insurance Before Medicare.
“Without enough healthy people in the insurance market to balance out the costs of those with medical needs, consistent protection of policy holders, and more flexibility in policy design, both carriers and participants face escalating costs that result in the choice to exit the market.” Annette Bechtold, SVP of Regulatory Affairs and Reform Initiatives