Health Insurers Extend Deadline for First PPACA Premium Payments

Health insurers selling policies through the Patient Protection and Affordable Care Act marketplaces have decided to give consumers 10 extra days to pay their first premiums for plan coverage starting Jan. 1, according to America’s Health Insurance Plans.

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Originally, people enrolled in health plans set to take effect Jan. 1 were required to pay their first premiums by next Monday. Last week, federal officials pushed back the deadline to Dec. 31. Now, AHIP has announced health insurers have voluntarily extended that deadline even further to Jan. 10. Those who pay their premiums by that date will have coverage retroactive to Jan. 1, according to a news release.

Read the full article on Becker’s Hospital Review.

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