Options Available for Consumers with Cancelled Policies

DEPARTMENT OF HEALTH

& HUMAN SERVICES

Centers for Medicare & Medicaid Services

Center for Consumer Information

&

Insurance Oversight

200 Independence Avenue SW

Washington, DC 20201

Date: December 19, 2013 

 

Subject:

Options Available for Consumers with Cancelled Policies

 

The Affordable Care Act provides many new

consumer protections. In some instances, health

insurance issuers in the individual and small group markets

are cancelling policies that do not include the new

protections for policy or plan years beginning in 2014.

Because some consumers were finding other coverage options to be more expensive than their cancelled plans or policies,

President Obama announced a transition period allowing for the

renewal of cancelled plans and policies between January 1 and

October 1, 2014, under certain circumstances. Some states have

adopted the transitional policy, enabling health insurance issuers to renew their existing plans and policies. Some health insurance issuers are not renewing cancelled plans or policies. 

More at:

http://www.cms.gov/CCIIO/Resources/Regulations-and-Guidance/Downloads/cancellation-consumer-options-12-19-2013.pdf