Dover, DE – In an article in the Delaware Business Daily, Delaware Insurance Commissioner Karen Weldin Stewart announced Monday that carriers have agreed to renew health insurance policies of individuals. Stewart stated that she is “very happy that the carriers have agreed to provide an early renewal 
opportunity for these policyholders.”
That avoids the cancelation of policies that did not meet the requirements of the Affordable Care Act (Obamacare). Carriers have agreed to offer early renewals for current policies where the terms of coverage were to end on or before March 31, 2014.
The minimum coverage requirements are designed to reduce chances of customers facing huge bills if a health condition was not covered. The lack of such coverage was not seen as a problem by many individuals and families in relatively good health.
Consumers, who are affected by this agreement, must renew their policy on or before December 31, 2013. All policies with an effective date after January 1, 2014 must be in compliance with Delaware law. The carriers have indicated that individuals with questions regarding their policies should direct those questions to their agent or broker. Read the full article.
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