by John Sullivan on Mar 7, 2014
The "keep your current health insurance plan" promise by President Obama is being extended even further. The Obama administration announced that Americans can keep their health plans that are non-compliant with the Affordable Care Act (ACA) with renewals as late as Oct. 1, 2016, so individuals and small businesses could have noncompliant coverage well into 2017. Some see this move as an over-reach of executive authority and politically motivated in advance of congressional midterm elections.
The decision will have no impact on Washington state residents because their Department of Insurance rejected the delay in their state for ACA compliance of medical insurance policies. Idaho allowed each insurance company the latitude to keep offering renewals of non-compliant plans. At this time the two largest insurers in Idaho - Blue Cross of Idaho and Regence BlueShield of Idaho have elected to offer renewal policies of existing plans.
For more perspective on this topic click and read these articles:
"Consumers Allowed to Keep Health Plans for Two More Years", a New York Times story published by ProgramBusiness.com on March 7, 2014.
"White House expected to OK another ACA extension" published by Insurance Business America on March 5, 2014.
"Obamacare Expected to OK Renewal of Extending Plans for 2 years"
a Bloomberg report published by Insurance Journal on March 5, 2014.