In Colorado, insurers will decide on canceled plans

DENVER - It's unclear how Colorado will be affected by President Barack Obama's decision to allow the continued sale of insurance plans that would have been cancelled by year's end because they don't comply with the Affordable Health Care Act.

The state's Insurance Division is still looking into the implications of Obama's announcement. Insurance Commissioner Marguerite Salazar said in a statement that some carriers may choose to allow "early renewal," or keeping a current plan through 2014.

Nearly 250,000 Coloradans have received health insurance cancellation notices.

Salazar said that the decision whether to keep existing plans is up to insurance companies. She said that keeping an existing plan "may be a reasonable choice" for some, but she warned that those extended plans won't comply with new federal insurance mandates
 

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