HHS Intergovernmental and External Affairs Notification November 14, 2013 From: Paul Dioguardi Director, Office of Intergovernmental and External Affairs U.S. Department of Health and Human Services RE: New Administrative Approach to Help Consumers Facing Cancellation Today, the President announced that insurers can offer consumers the option to renew their 2013 health plans in 2014, without change, allowing them to keep their plans. Whether an individual can keep their current plan also depends on their insurance company and State insurance commissioner – but it will no longer be implementation of the law that is forcing them to buy a new plan. To ensure consumers are informed about their options, insurers that are offering renewal of 2013 plans must let consumers know what protections the renewed plan is not including and how they can learn about new plans with better protections and possibly tax credits. To protect against premium impacts of this change, the Department of Health and Human Services (HHS) intends to adjust the temporary risk corridor program which is designed to stabilize premiums as changes are implemented. This option will not allow older plans to be sold to new customers in 2014. HHS will consider the impact of this transitional policy in assessing whether to extend it beyond 2014. Questions or Concerns? Contact [email protected].
Posted on: Thu, 14 Nov 2013 19:54:24 +0000
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