Obamacare Leaves Thousands of Vets Without AVMA GHLIT Medical Insurance in 2014…
26 December, 2012
AVMA GHLIT Members Impacted by Changes to Medical Insurance in 2014 – Medical Coverage Has Been Tossed by Underwriters
The New York Life Insurance Company (NYL), the underwriter of the AVMA Group Health and Life Insurance Trust (GHLIT) has communicated to the GHLIT Trustees its intent to discontinue offering medical insurance to bona fide association plans after 2013. This impacts all GHLIT insurance policy holders.
The reasoning behind the decision is based on "environment created by the Patient Protection and Affordable Care Act will ultimately prevent them from offering competitive medical insurance for association plans such as the GHLIT’s." In other words, Obamacare will leave thousands of veterinarians without medical insurance options through a program that has been in place for 56 years.
What is the AVMA GHLIT doing about this? Their press release states that, "the GHLIT is working with its business partners to establish a program to help assist its medical plan participants with the transition to other medical insurance coverage effective Jan. 1, 2014."
The AVMA GHLIT's official stance is that, “The Trust understands the significance of this change and the confusion it may cause. We want to assure all our members that we remain dedicated to their protection and are working diligently to ensure that they continue to have access to the coverage they are accustomed to through the GHLIT,” said Dr. Brandt. “Members can expect to receive regular communications from us over the coming months, including progress updates and information to assist them through this transition.”