hide captionPut your money down and buy insurance — all year long.
For months, consumers have been warned that they have to buy health insurance by the end of open enrollment or remain uninsured until next year. But a little noticed provision of the health law may give some consumers another chance.
Insurers that sell individual plans have to offer insurance to all comers during an annual open enrollment period, which this year ended for most people on March 31. However, the health law allows insurers to sell individual plans on the exchange outside the regular open enrollment if they wish to do so, as long as they don’t discriminate against people who are sick.
Health policy analysts say they don’t expect insurers to take advantage of the extra selling opportunity often. “The assumption is that no insurance company would do that because they’d just open themselves up to too much adverse selection,” says Sabrina Corlette, project director at the Georgetown University Center on Health Insurance Reforms.
Still, at least one state is embracing the option. Under a Nevada law that took
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