Thursday, November 21, 2013

CAREFIRST DECIDES HOW TO HANDLE THE PRESIDENTS CHANGE OF HEART

As we all know the President is now allowing the states to decide whether they let individuals keep their plans if they want. (Even if they aren't grandfathered)  It appears that this would only be a one year reprieve in any regard.  It also passes the buck to the States.  There was also a question if small employer groups would be allowed to remain with their current plans without having to be forced into reform coverage.  According to Carefirst, Individuals who have received termination notices will be given the opportunity to remain on their current plans if they renew them by mid-December.  In reference to the small group employers (those under 50 full-time employees)  there will be no change from current procedure.  In other words, non-grandfathered small group plans will need to move to reform plans at their renewal in 2014.