Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on the ACA extension for non-compliant health plans.
According to Zane Benefits’ website, the Obama administration will allow consumers to renew health insurance plans that fail to comply with the new Affordable Care Act (ACA) rules for two years, if their state allows it.
The most recent extension allows existing policy renewals as late as October 1, 2016, so individuals and small businesses could have non-compliant coverage into 2017.
According to Zane Benefits’ website, the additional time comes after the administration already announced one-year extension of canceled health plans in November 2013.
The number of people with non-compliant coverage is unknown. Insurers sent out an estimated 4.5 million cancellation notices last fall, but some of the policyholders have bought new coverage that complies with the law.
About Zane Benefits
Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.