Breaking News
450273761

Health Insurance Surcharge Has Vapers Fuming

By Liz Neporent, May 8, 2014

Under the Affordable Care Act, insurance companies can charge smokers and other tobacco users up to 50 percent more than non-smokers for a health insurance policy. But where do e-smokers fit in?

E-cigarettes are battery-operated nicotine inhalers that consist of a rechargeable lithium battery, a cartridge called a cartomizer and an LED that lights up during each puff. Although they contain no tobacco, the U.S. Food and Drug Administration plans on regulating them like cigarettes and cigars. This, it turns out, is complicating things for insurance companies.

While the ACA allows insurance companies to charge higher premiums to smokers and other tobacco users, the definition of a “smoker” is unclear under the law.

Read More

About AgenteNews

AgenteNews
Agent eNews is an online resource for professionals in the insurance and financial services industry designed to provide the tools, expertise and insight to help grow their business. Written by leaders in the insurance and financial services industry, as well as experts in business development, Agent eNews is a business building resource. Agent eNews reaches 500,000+ producers. To contribute to Agent eNews, contact Editor@AgenteNews.com.

Check Also

514271089

Millions in health coverage gap seek to avoid tax penalty

By Emily Schmall, February 14, 2015 Stephanie Daugherty earns too much from her part-time job …

Leave a Reply