Both small employers and midsize employers that like their coverage might be able to keep it in place until Oct. 1, 2016.
Gary Cohen, the outgoing director of the Center for Consumer Information & Insurance Oversight, raises the possibility in a memo in an “insurance standards bulletin series.”
Early Wednesday, news organizations began reporting rumors that CCIIO would be letting individuals keep major medical policies that fail to comply with PPACA insurance standards in force for two more years.
The Obama administration later confirmed it by posting the Cohen memo.
What Your Peers Are Reading
In the early reports, the news organizations noted consumers would be able to keep coverage only if the state regulators and carriers involved agreed.
In the official memo, Cohen says the new pre-PPACA coverage extension will let consumers renew policies through policy years beginning on or after Oct. 1, 2016.