Here are five things to know:
1. Health insurance companies are displeased with President Obama’s leniency with these “special enrollment” periods, as they have resulted in increased costs.
2. Some Americans are taking advantage of these “special enrollment” periods by declining to sign up for insurance until they are sick.
3. The Blue Cross Blue Shield Association voiced concerns over the extended deadlines, reporting those Americans who enrolled during “special enrollment” periods are using up to 55 percent more services than those Americans who signed up during open enrollment.
4. Aetna reported those who enrolled during “special enrollment” periods maintained coverage for less than four months, while those who enrolled during open enrollment maintained coverage for eight months to nine months, on average.
5. The Obama administration agreed with the health insurance company complaints, but responded that Americans must have a way to enroll post-deadline if needs arise.
More articles on coding, billing & collections:
UnitedHealthcare Group settles NY anti-competitive investigation for $100k: 5 key notes
The state of uninsured Americans — Is healthcare reform still working? 6 things to know
Navicure survey reveals ASCs cannot ignore patient responsibility
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
