Insurance Department Issues ACA Guidelines For Companies
State insurance director Mary Taylor is giving guidance to companies who want to reissue health plans ticketed for cancelation under the federal health care law, following a recent change announced by the Obama administration.
Some people who buy their own insurance received cancelation notices because their plans do not meet the requirements of the law. The administration has proposed allowing those customers to keep their existing plans for another year. Taylor says the department has set up a process for insurers. Companies reissuing the canceled plans are expected to tell consumers their premiums may be affected, along with the time at which any changes to their coverage or premiums will take place.