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Signing Of Insurance Plans To Exchanges Temporarily On Hold


  11:53:19 am, by MedBen5   , 199 words,  
Categories: News, Health Care Reform

Signing Of Insurance Plans To Exchanges Temporarily On Hold

The Obama administration has announced another delay in implementation of the Affordable Care Act. The signing of final agreements with insurance plans to be sold on federal health insurance exchanges has been postponed from the original dates of September 5-9 to mid-September.

According to Reuters, sources cited “technology problems involving the display of insurance products within the federal information technology system” as a possible reason for the delay.

While the hold-up may be brief, experts warn that it could affect the October 1 start date for open enrollment into the exchanges. The Department of Health and Human Services fully expects the insurance marketplaces to open on time – but even prior to the announcement, several states said they’re scaling back their exchange launches, or considering doing so.

“[H]aving everything ready on October 1 is not a critical issue,” said a former Obama administration official who worked to implement the Affordable Care Act. “What matters to people is January 1, which is when the coverage is supposed to start. If that were delayed, it would be a substantive setback.”

MedBen is not participating in the exchanges, and the delay does not affect employers that carry private group insurance or self-fund their coverage.

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