Tennessee Insurance Program For Self-Employed, Small Businesses Being Shut Down Due to Obamacare

Thousands expected to lose coverage

The state of Tennessee this month notified thousands of residents that they will lose coverage under a TennCare-sponsored program that helps small businesses and the self-employed buy health insurance because of the Affordable Care Act.

The letter states that as a limited-benefit plan, CoverTN does not cover all the services required by the federal law and will no longer exist as of Jan. 1. CoverTN had a $25,000 annual limit on benefits. The federal health law does not allow yearly expenditure caps.