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The Extended "Fix" for Canceled Health Insurance Policies: Latest State Action
In March, the Obama administration released guidance extending the renewal of health insurance policies that do not meet the Affordable Care Act's coverage standards through October 1, 2016. At least 9 states that did not adopt the administration's original transitional policy are now allowing renewals of noncompliant policies after January 1, 2014.
In March, the Obama administration released guidance extending the renewal of health insurance policies that do not meet the Affordable Care Act’s coverage standards through October 1, 2016. This means that health policies that exist today, but do not comply with ACA protections that went into effect in 2014, can be maintained through 2017.
President Obama originally announced the transitional policy fix last November. States and insurers were encouraged—but not required—to allow people to reenroll in and even renew these plans after January 1, 2014. Initially, the administration limited the policy to allow renewals of noncompliant individual and small-group policies through October 1, 2014.
Read the post on The Commonwealth Fund Blog: http://bit.ly/1Fd8hlR
