The Center for Consumer Information and Insurance Oversight issued a standards bulletin March 25. The link below details information that gives states the option to extend for one more year Transitional Relief for individual and small group employers to maintain their grandfathered health insurance plans.
It is anticipated that the Indiana Department of Insurance will follow past practices and decide to comply with Federal guidance. When the Indiana Department of Insurance issues a bulletin on this issue ISAHU will be sure to notify our members.
This bulletin extends the Centers for Medicare & Medicaid Services’ (CMS) policy under which CMS will not take enforcement action against certain non-grandfathered health insurance coverage in the individual and small group market that is out of compliance with certain specified market reforms. The extended non-enforcement policy1 in this bulletin applies for policy years beginning on or before October 1, 2020, provided that all such coverage comes into compliance with the specified requirements by January 1, 2021.