Can anyone here explain what this means?
How can they extend them?
The fact that anyone here on FR is even debating “whether” the insurance companies did anything wrong in the disaster known as Obamacare........is very chilling.
Are we going to just follow the lead of the media and fall in line to blame ANYONE other than Obama?
Obama lied. Period.
saving money by not spending it until later even though what you are forced to buy costs more than what you have even though it’s “better” for you than you’ll ever know.
“Can anyone here explain what this means? How can they extend them?”
They can’t. I think this is deliberately obfuscatory reporting. The part about “newer plans” “saving” money gives it away. I suspect that what is really going on is that the insurance company was extorted into GIVING a KommieKare-compliant plan at the OLD rate until March 2014 to those who were cancelled.
The savings is obviously how much more KommieKare-compliant plans cost compared to the cancelled plans.
“Can anyone here explain what this means?”
Its crazy. I got a letter on Oct 2nd giving me their best guess explanation of how my insurance is changing. I got a follow up letter on Oct 22nd, with what appeared to be a change to my original contract (signed on their end but not mine) telling me they changed my policy year “anniversary date.” It actually benefits me, because it extends my policy through 12/1/14, so it has my blessing.
Everyone is making everything up as they go along. I can believe they would now send another letter offering me an extension of my original policy.
I suspect the insurance companies are supporting this new effort. They are seeing the mounting losses for 2014. The biggest problem they now have is that people like me, who never file a claim and use them as “asset insurance”, have already made our decisions. They snooze, they lose. After 12/1/14, I will never send another dime to Blue Cross. I am protesting their ignorance in supporting the ACA.
$28.6 million....does that include the $2,500 they’re going to save on obamacare?