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State won’t allow insurance extensions or canceled plans

Photo: KGMI

State won’t allow insurance extensions or canceled plans

KGMI News Reporting
By Karen Taylor

OLYMPIA, Wash. – Washington State will not to allow people to keep their current health coverage if the policies don’t meet requirements of the new health care law.

President Obama announced yesterday that health insurers could extend their old policies to current customers for another year.

Insurance Commissioner Mike Kreidler says he’ll not allow that in Washington.

Play Mike Kreidler on insurance plans

He says while other states have had constant problems with the roll out of Obamacare, Washington’s Health Exchange and the Health Plan Finder website is doing well.

It’s estimated only 290,000 people in Washington will need to buy new coverage and at least half of them will qualify for a premium subsidy.

Kreidler encourages people who receive cancellation notices to shop around other companies and the state exchange to find the best plan.