HELENA — Montana’s largest health insurers all say they won’t extend policies that don’t meet coverage requirements under the new federal health care law.
PacificSource and Assurant are joining Blue Cross and Blue Shield of Montana to say they won’t extend policies that had already been cancelled.
President Barack Obama’s administration previously announced it would allow insurers to extend coverage for another year for certain policies that don’t meet the new requirements.
Lee Newspaper of Montana reported that the state’s three largest insurers are all deciding to cancel the plans.
They say it is too late to change business plans for 2014 and that customers could benefit by the new plans and subsidies being offered on the exchange.