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Oregon Sets Guidelines For Insurance Policy Extensions

Oregon’s insurance commissioner has issued guidelines for health insurance companies that want to continue offering policies that don’t meet the requirements of the Affordable Care Act.

Commissioner Laura Cali says insurance companies have until Friday to notify the state that they’ll be extending their policies — and until the end of the month to tell customers.

She said customers will also have to notify their insurance company if they want to stay in their policy, rather than assume it’ll continue.

She stressed that customers who stay with their existing plan won’t qualify for tax subsidies.

“Extending a 2013 plan for a period of time may not provide them all the benefits that they’d have on a 2014 plan,” she said. “And that they will eventually need to buy an ACA compliant plan and there may be health available to them through Cover Oregon.”

About five percent of all Oregonians buy individual health plans because they are self-employed, unemployed, or their employer doesn’t offer coverage.

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