Current Individual Health Care Policies Can be Kept for One Year

 President Obama announced today that Americans that currently have individual health care policies can keep the policies for a period of one year. The decision is designed to ease the impact on individuals who have received cancellation notices from their health insurance company because the policies do not meet essential benefits requirements under the Accountable Care Act (ACA).

Health Insures will be required to notify individuals that have policies that predate the ACA that other benefit alternatives are available under the ACA and also must specify the areas of their current plan that fall short of ACA essential benefits.
The President’s announcement does not impact employer sponsored health care benefit programs.