California Healthline: Exchange Extends Payment Deadline

by David Gorn

The Jan. 5 deadline to pay for health insurance through the state’s new health benefit exchange has been extended for another 10 days by Covered California insurers.

Health insurance companies Saturday agreed to jointly allow anyone who signed up for insurance coverage starting Jan. 1 through the exchange to pay for that coverage by Jan. 15.

The original deadline to pay premiums was Jan. 1. The exchange board last month extended that deadline to Jan. 5. The latest agreement with 11 health insurance companies gives enrollees a little longer grace period.

So far, according to a preliminary estimate by Covered California executive director Peter Lee, roughly 400,000 Californians signed up for coverage through the exchange by Dec. 22, the day before the deadline set for individuals to receive coverage on Jan. 1, 2014.

Continue reading here: http://www.californiahealthline.org/capitol-desk/2014/1/exchange-extends-payment-deadline

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