Some Canceled Md. Health Policies Can Be Renewed
BALTIMORE (AP) — Maryland’s insurance commissioner says individual policies that don’t comply with the federal health care overhaul can be extended through the end of next year.
Insurance Commissioner Therese Goldsmith said in a memo to insurers Tuesday that they can renew such policies for 2014 as long as the renewals take effect before Jan. 1.
However, Maryland law does not currently allow such policies to be renewed after Jan. 1 or to extend into 2015. President Barack Obama announced last week that canceled policies can be extended for one year, which means that individuals can keep their coverage into 2015 if states allow it.
About 73,000 Marylanders are losing their policies because of the new health care law. It’s not clear how many will have the option to renew for next year.
(Copyright 2013 by The Associated Press. All Rights Reserved.)