AVMA GHLITmedical insurance to end after 2013: Underwriter to exit insurance market as new regulations take effect

摘要

AVMA Group Health & Life Insurance Trust medi-cal coverage will end for some 17,500 Association members and thousands of their dependents at year's end. New York Life Insurance Co. notified the GHLIT board of trustees Nov. 30, 2012, of its decision to no longer underwrite major medical coverage for professional associations after 2013 because of impending federal health care regulations. With no other companies willing to take over for NYL, trustees had no other option than to terminate the medicalinsurance program, effective Dec. 31, 2013. AVMA President Douglas G. Aspros said, "I'm concerned about how this reality is going to affect our members, many of whom have relied on AVMA GHLIT health insurance for themselves and their families for many years. "Fortunately, we have a year to help sort this out, and I'm confident that GHLIT, who are experts in this field, will help ensure that every member finds an appropriate medical insurance home."