Extending Insurance May Help Small Businesses, But Not Most Individual Plans

NJTODAY.NET's online business directory

moneyby Andrew Kitchenman / NJ Spotlight

While state officials agreed yesterday to allow recently cancelled health insurance plans to be extended for a year, the move may not make much difference to most individual plan holders.

A spokesman for Horizon Blue Cross Blue Shield of New Jersey, the state’s largest individual plan insurer, said that extending the most popular individual plans won’t be “viable” because they would still have to be altered to comply with other requirements of the Affordable Care Act.

As a result, it appears likely that most individual plan holders will still have to pay higher monthly premiums starting in January.

Read the full story at NJ Spotlight


Connect with NJTODAY.NET


Join NJTODAY.NET's free Email List to receive occasional updates delivered right to your email address!
Email ads@njtoday.net for advertising information Send stuff to NJTODAY.NET Like Us On Facebook Follow Us On Twitter Download this week's issue of NJTODAY.NET