Blue Cross and Blue Shield of Nebraska announced today that individual members and small business groups who kept their health insurance plans in 2013 can extend those policies into 2016.
BCBSNE’s decision to extend plans that were issued prior to January 1, 2014 comes on the heels of the Nebraska Department of Insurance announcement that it would allow the extension of policies that are not compliant with the Affordable Care Act (ACA) through October 1, 2016. Individual members and those covered by small employer groups (2-50) also have the option to switch to an ACA plan; any new policy sold after Jan. 1, 2014 must be compliant with the health care law.
“This is great news for Nebraska consumers and our members, and we are pleased the Nebraska Department of Insurance made this decision,” said Pat Bourne, BCBSNE Senior Vice President of Sales and Service. “It’s important that our members have the choices they value. This allows them to keep the health insurance they know and trust, or they have the flexibility to move to a new ACA plan—whichever meets their needs.”
BCBSNE individual and small group customers will be notified by letter regarding their options to continue with their current coverage through 2015, or choose an ACA-compliant plan that may qualify for cost assistance from the federal government. Non-ACA plans that are being extended do not qualify for federal cost assistance.