BALTIMORE (AP) — Maryland’s insurance commissioner says individual policies that don’t comply with the Patient Protection and Affordable Care Act (PPACA) can be extended through the end of next year.
Insurance Commissioner Therese Goldsmith said in a memo to insurers Tuesday that insurers can renew such policies for 2014 as long as the renewals take effect before Jan. 1.
However, Maryland law does not currently allow such policies to be renewed after Jan. 1 or to extend into 2015.
President Barack Obama announced last week that states can let policies that fail to meet PPACA standards stay in effect in the coming year. States can let insurers renew non-compliant policies as late as Oct. 1, 2014.
About 73,000 Marylanders have been on track to lose policies that fail to meet PPACA standards. It’s not clear how many will have the option to renew those policies.