The announcement that insurance carriers can offer one-year renewals for plans that were cancelled for not being compliant with the Affordable Care Act will have no effect on large employers, most of whom are currently in the middle of open enrollment. Small group plans, however, could be affected.
“Large employers aren’t affected by this but small employers possibly could be,” says Drew Crouch, head of government relations at Buck Consultants. “State insurance commissioners may look at this and say ‘we’re not going to do this’ and the insurance issuers themselves may decide not to do it.”
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