In order to ensure that funds are available through 2013 to cover those enrolled in the Pre-Existing Condition Insurance Plan (PCIP), new applications will no longer be accepted. Beginning February 16, 2013, the federally-run PCIP is suspending acceptance of new enrollment applications until further notice. State-based PCIPs may continue accepting enrollment applications through March 2, and will then suspend acceptance of new enrollment applications until further notice. PCIP will continue providing coverage to more than 100,000 people currently enrolled nationwide.
The capability of this program was woefully off. Officials initially estimated the initiative cover as many as 375,000 individuals by the end of 2010. Yet the program has become unsustainable at a third of the projected enrollment. Money matters -- whether paid by the government or the private sector. NAIFA members remain committed to working with lawmakers and regulators to ensure sustainable and affordable access for all Americans.