- The Biden administration is implementing strict measures to prevent unauthorized changes to consumers’ Affordable Care Act plans by insurance brokers.
- More than 200,000 people reported unauthorized plan changes within the first six months of the year, prompting these new regulations.
- Insurance agents will be blocked from making changes without proof of association, and additional steps will be required even with consumer consent.
- The changes are in response to complaints and consumer protection concerns, aiming to prevent high out-of-pocket costs or tax issues for affected individuals.
- While the rules have garnered both concern and optimism from industry professionals, the agency has already suspended 200 brokers for fraud or abusive conduct related to unauthorized enrollments.
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Public Health & Prevention, Health Policy & Administration, Healthcare Regulation, Healthcare Access