healthcare money1 300FRANKFORT, Ky. (11/14/13) – “Kentucky will comply with the President’s request to allow Kentucky’s insurers the option of determining whether to extend existing health insurance policies to current policyholders for one more year. This will be a business decision for each insurer to make, as many of them have invested a great deal of time and money into preparing for the transition to new standards under the Affordable Care Act (ACA).

In Kentucky, only about 6 percent of the population may be affected by today’s an-nouncement – those who have existing health insurance policies on the individual or small group market.

The Governor has directed the Department of Insurance (DOI) to take steps to imple-ment the President’s request. DOI will work closely with insurers to make sure they make appropriate notifications to policy holders and offer them a full view of op-tions – including the fact that all Kentuckians are able to shop on kynect, the state’s health insurance exchange, to seek alternative health insurance plans. All plans on the exchange meet all ACA guidelines and may cost less than existing poli-cies on the private market, plus many Kentuckians will be eligible for subsidies to help pay for premiums.

Today’s decision has no effect on the fact that all Kentuckians now have access to affordable, reliable health care and they cannot be denied coverage for any reason. More than 40,000 Kentuckians have already signed up for new health insurance thanks to the ACA and kynect.” – Gov. Steve Beshear

SurfKY News
Information provided by Office of Gov. Steve Beshear

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

Posted on 2/2/14
3/13 - 16
3/13 - 16

Most Read This Week

March 27, 2015 5657

Three Arrested during Execution of Search…

by Madisonville Police Department/Hopkins County Detention Center
March 25, 2015 5329

Fazoli's, Roses Coming to Madisonville

by Amber Averitt, SurfKY News
March 24, 2015 5109

One Dies, Another Injured in Mortons Gap Traffic…

by Deputy Heath Owens
March 25, 2015 5039

Grand Jury Finds No Criminal Wrongdoing in Bean…

by Doreen Dennis, SurfKY News
March 24, 2015 4228

UPDATE: One Injured in Hopkinsville Road Accident

by Doreen Dennis, SurfKY News
March 25, 2015 4012

Madisonville Man's Living Room Leap Lands Him in…

by Madisonville Police Department / Hopkins County Detention Center

Most Read This Month

March 09, 2015 13568

Multi-Agency Drug Bust Results in $1 Million Meth…

by KSP DESI
March 02, 2015 11572

Madisonville Teen Faces Numerous Drug Charges

by Madisonville Police Department/Hopkins County Detention Center

Stories Trending Today

March 28, 2015 2741

Young Child Dies in Princeton Fire

by Chris Rogers, KSP
March 28, 2015 1783

Tractor Trailer Takes Out Guardrail on I-69,…

by Doreen Dennis, SurfKY News
March 28, 2015 1461

VIDEO: Shoe Charity Expands to 'Sweet Sixteen'…

by Gary Gates, SurfKY News
March 28, 2015 1237

Commission Hears More Proposals for Subdividing…

by Tammy Holloway, SurfKY News
March 28, 2015 1050

Independence Bank Scholarship Reception Held…

by Lynnsie Fulkerson
March 27, 2015 927

KSP Charges Jefferson County Man with Possession…

by Kentucky State Police
March 27, 2015 868

Alltech Brewing and Distilling Academy Launches…

by Danielle Palmer
March 28, 2015 799

Four Roses to Build Bottling Facility in Bullitt…

by Office of the Governor
March 27, 2015 785

It's Not Too Late to Get a Flu Shot

by Beth Fisher
March 28, 2015 777

Happenings and Meetings - Hopkins County

by Amber Averitt, SurfKY News