On July 1st, 2013 Carolina Care Plan announced they were leaving the South Carolina Health Insurance market. With this announcement, approximately 37,000 South Carolina residents received notification that their plans would end December 31, 2013. According to Carolina Care Plans parent company, Medical Mutual of Ohio, exiting the South Carolina market was a result of new legislation under the Affordable Care Act, and a desire to focus on their core market in Ohio.
What does Carolina Care Plans exit mean for South Carolina residents?
As one of the larger insurers in the individual health insurance market in South Carolina, Carolina Care Plan helped many residents obtain quality individual health coverage without exclusion riders. Prior to January 1st, 2014, insurers are allowed to charge applicants more, or even deny coverage for pre-existing conditions.
Because of current regulations allowing insurers to deny coverage, many of these SC residents may not be eligible for a new individual health plan until January 1st, 2014. Under the Affordable Care Act, also known as PPACA, ACA or “Obamacare”, insurers are no longer allowed to charge more or deny coverage for pre-existing health conditions. This is great news for many South Carolina residents who are currently “stuck” with Carolina Care Plan!
We can help you REPLACE your Carolina Care Plan policy!
If you still have a Carolina Care plan because you have a pre-existing condition we can help you apply for a new 2014 plan with NO pre-existing condition exclusions! Contact us today and we will be happy to help you replace your Carolina Care Plan policy with a new 2014 health insurance plan – with NO pre-existing condition exclusions! OR checkout our South Carolina Health Exchange Rates page to view your 2014 health plan options and calculate any subsidies you may be eligible for!