Some Americans will be allowed to keep their current health insurance — even if the plans don’t comply with the Affordable Care Act — into 2017 under new rules announced Wednesday by the Obama administration.
In November, the Department of Health and Human Services announced that health insurers could continue to offer noncompliant plans to current customers in 2014. Wednesday’s announcement extends that for another two years. The extension covers policy years that begin on or before Oct. 1, 2016.
The extension applies to both individual insurance and to small business plans. The Congressional Budget Office estimates that about 1.5 million Americans in these insurance markets currently are covered by plans that don’t meet the ACA’s requirements.
Senior administration officials said this latest extension will give individuals and small businesses more time to consider their options and shop for coverage on the new health insurance exchanges established by the federal government and some states.
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