Bcbs Individual Health Insurance - Individual Health Insurance

Health Insurers to Stop Canceling Policies Ahead of US Reform Requirement Insurance News Net (press release)

29.04.10

WellPoint Inc. and other health insurers will start implementing the provision in the new U.S. health reform law that prohibits health insurers from rescinding an individual's policy after they get sick.

Starting Sept. 23, insurers are banned from canceling policies, except in cases such as fraud or misrepresentation.

WellPoint Inc. (NYSE: WLP) said it would put in place by May 1 the federal legislation on rescissions in the individual health insurance market. UnitedHealthcare spokesman Tyler Mason said the company ended the practice April 1.

Blue Shield of California said it also would implement the new rescission standard, starting in May.

"There have been a lot of misrepresentations and inaccuracies in recent days that have caused confusion among our members and among the public generally about our policies in this area," said Angela Braly, WellPoint's chief executive officer, in a statement.

The companies' announcements came as senior House Democrats sent a letter

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