WASHINGTON — The nation’s largest health insurance industry trade group announced Wednesday that consumers will get more time to pay for individual coverage that begins Jan. 1.
The board of directors of America’s Health Insurance Plans said consumers who select an individual health plan by Dec. 23 will now have until Jan. 10 to make their first month’s premium payment for retroactive coverage that begins on Jan. 1, 2014. The previous payment deadline was Dec. 31.
The announcement Wednesday follows a request last week by Health and Human Services Secretary Kathleen Sebelius for a more flexible payment schedule. She had urged insurers to move the payment deadline to Jan. 5.