Insurance companies extending health plans

Insurance companies extending health plans

Nine Oregon insurance companies plan to extend policies that aren't compliant with the Affordable Care Act.

Moda Health Plan and PacificSource Health Plans, which dropped policies that covered less than 40 percent of the individual market, will extend their plans through the end of March. Regence BlueCross BlueShield of Oregon, Kaiser Foundation Health Plan of the Northwest, Providence Health Plan, LifeWise HealthPlan of Oregon, Health Net Health Plan of Oregon, Time Insurance Company and John Alden Life Insurance Company are extending their noncompliant policies through December 2014. Those policies account for about 60 percent of the individual market.

Read more at The Statesman Journal.