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Va. insured may have temporary reprieve available

Thursday - 11/21/2013, 2:12pm  ET

Associated Press

RICHMOND, Va. (AP) -- Virginia regulators say policyholders who face possible cancellation of their health insurance under the new health care law may have a temporary reprieve available to them.

Virginia is still reviewing whether it can legally implement President Obama's proposal to suspend cancellations of health-insurance policies affected by the Affordable Care Act.

As a practical matter, though, the Virginia Bureau of Insurance said Wednesday that consumers and insurers can opt through the end of the year for an early renewal of existing policies that could extend through the end of 2014.

Ken Schrad, spokesman for the State Corporation Commission, which regulates insurers, said the Bureau of Insurance is encouraging insurers to offer early renewal but that they can't be forced to do so.

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