If You Like Your Plan, You Can Keep Your Plan Until October 2017

Published March 5, 2014 5:17pm ET



The Department of Health and Human Services announced this afternoon that health insurance plans that are supposed to be canceled by Obamacare may be sold through October of 2017 in states that approve of the extension. CNBC reports:

The federal government in late 2013, in the midst of the troubled launch of Obamacare, said that people who had bought non-compliant plans in 2013 would be able to keep them through 2014.
At the time, about half of the states allowed their residents to keep non-compliant plans, which the administration had earlier blasted as “junk insurance.”
That tamped down, somewhat, outrage among critics who claimed President Barack Obama had lied while promoting his signature health-care reform law, when he had told people they could keep their insurance plans if they wanted under the ACA.
Under the new rule, people who maintain those plans, and who renew them as late as Oct. 1, 2016, will be able to keep them until as late as 2017.

Statutory language in the Affordable Care Act requires the cancellation of all individual health insurance policies issued after the law was passed on March 23, 2010, and further administrative regulations require the cancellation of plans that existed before March 23, 2010 if minor changes had been made to them.

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