CNBC reports that the Obama administration has announced that two deadline extensions for the health care reform law.
“One extension gives consumers eight extra days, to Dec. 23, to enroll in Obamacare plans that kick in Jan. 1, and gives them until Dec. 31 to actually start paying for those plans. The other extension delays by one month, to next Nov. 15, the opening of enrollment for insurance beginning in 2015. That extension also will give consumers another week on the back end of that enrollment period, which now will close Jan. 15, instead of Dec. 7.”
“The second extension means that many consumers may not see the premium prices for plans until after congressional elections in early November 2014. But administration officials said the delay will give insurers more time to evaluate their first-ever experience offering coverage on the government-run individual plan exchanges, and set their prices accordingly for the next year to reflect that.”