President Obama announced on November 14th that individual and small group health insurance policy holders will be allowed to keep their “current” 2013 policy for an additional year. While that is a lovely sentiment, the practicality of that statement is clearly not well thought out. There is not a simple switch that insurance companies turn on and off to change rate tables, plan documents, ID cards etc. Although I do wish there were!
Our insurance companies are working with federal and state agencies to determine how this will be implemented and to comply with the new requirements. We will keep everyone posted as tangible information becomes available.
~Heather McGregor, RHU