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Saturday April 19th 2014

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Insurers Wade Through Their Options as States, Exchanges Ponder Enrollment Fixes

CaliforniaMapState insurance regulators are continuing to issue decisions on whether to follow President Obama’s lead and allow previously cancelled health plans to see new life even though coverage does not meet Affordable Care Act (ACA) standards. The next steps for carriers will be to determine how regulatory decisions will affect their product lineup for 2014 and whether it makes economic sense to seek renewals for cancelled plans or to instead focus on exchange-related or off-exchange opportunities separate from those policies. In that light, the board of the California exchange, Covered California, voted 5-0 on Nov. 21 to reject extensions for these cancelled plans for one year, saying doing so would distort their efforts in implementing the ACA and confuse consumers trying to figure out their options for 2014. This puts California with other states like Massachusetts, Minnesota and New York that are operating their own exchanges and also said no to letting cancelled plans back into the market according to a report at www.aishealth.com.