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Wednesday April 23rd 2014

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Deal Delays California’s Insurance Policy Cancellations

California Insurance Commissioner, Dave Jones

California Insurance Commissioner Dave Jones

California’s insurance commissioner announced an agreement with one of the state’s major health insurance companies to delay the cancellation of more than 115,000 individual policies under the new federal health care law. The agreement with Commissioner Dave Jones will let policyholders keep their lower-priced policies through the first three months of 2014. Blue Shield of California Life and Health Insurance Co. planned to cancel individual and family health insurance policies on Dec. 31. Jones objected that the company gave policy holders just 90 days’ notice when it should have given six months’ notice according to the www.timesheraldonline.com.