ACA Extension to Individual Health Insurance “Keep Your Plan” Rules

Responding to intense consumer (and voter) allegations of promises not kept, the Obama administration announced another extension for those wanting to keep current individual and small group health insurance plans. People can keep current, non-compliant coverage plans for the next two years. During Congressional debate about adopting the Affordable Care Act (ACA), the President promised Americans "if you like your current plan, you can keep it."

However, as the implementation date of the ACA approached, the White House changed its position. After many insurance companies issued termination notices, in November 2013, to insured people and groups, the President allowed a one-year extension of non-compliant healthcare plans.

However, consumer and small employer dissatisfaction continued. In March 2014, the White House announced a further extension increase from one to two years. The Department of Health and Human Services, Treasury Department and the IRS have issued "regulatory guidance" to help you understand this latest policy change.

The two-year extension to the Affordable Care Act allows you to keep otherwise non-compliant plans through October 1, 2016. This applies to both individual health insurance and small group health insurance plans already in force.

For more information about changes in the Affordable Care Act, contact Bernardini & Donovan Insurance in the Redlands, California area. Their professionals can explain these confusing changes, in simple English, in small group and individual health insurance plans. Bernardini & Donovan Insurance Services understands these ACA changes and can help you comply with ACA requirements.

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