Health insurers extend Obamacare payment deadline

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Health insurer industry trade group Americaโ€™s Health Insurance Providers (AHIP) today announced an extended deadline for paying the first monthโ€™s premium for those purchasing coverage through the Affordable Care Actโ€™s new marketplaces.

To be insured on Jan. 1, consumers are required to select their plans by Dec. 23. The deadline to pay the first monthโ€™s premium has now been moved from Dec. 31 to Jan. 10, due to ongoing technical issues.

โ€œConsumers who select their plans by December 23 and pay their premiums by January 10 will be able to have coverage effective January 1,โ€ AHIP said. โ€œUnder current rules and guidance, consumers who want to begin coverage on January 1 must select a plan by December 23 and pay the first monthโ€™s premium by December 31. The short time period in which to complete these steps, particularly around the holidays, combined with the ongoing technical issues with healthcare.gov have raised concerns that some consumersโ€™ coverage may not be able to begin on Jan. 1โ€ฆConsumers must still pay their first monthโ€™s premium before coverage takes effect, but those who pay their premium by January 10 will now be able to have coverage retroactive to January 1.โ€

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โ€œOur community is taking an important step to give consumers greater peace of mind about their health care coverage,โ€ said AHIP President and CEO Karen Ignagni.

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