March 07, 2017
On Feb. 23, 2017, Mississippi Commissioner of Insurance Mike Chaney issued a press release related to the extension of non-PPACA-compliant small group and individual policies and plans. As background, on Feb. 23, 2017, the federal government announced an additional transition policy that allows insurers (if allowed by the state) to renew non-grandfathered non-PPACA-compliant plans (this transitional relief has been extended twice before). Such policies are not required to be in compliance with certain PPACA mandates including community rating, coverage of essential health benefits, prohibition on pre-existing condition exclusions and the annual out-of-pocket maximum limit. The press release indicates that Mississippi will allow insurers to renew non-grandfathered plans according to the extended transitional relief, which stipulates that such policies do not extend past Dec. 31, 2018.
Mississippi small employers that are interested in renewing a non-PPACA-compliant plan should work with their advisors and insurers.
Press Release »