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Obamacare 411: Revisions Cause Confusion

As many Americans have trouble signing up under the exchange, others are struggling with whether or not to renew their plans they've already received termination letters for
November 28, 2013


Nearly two weeks after the president announces insurance companies can renew canceled policies for one year, many are still confused about what to do when it comes to health insurance.
Earlier this month, President Obama announced an alternative solution to fix the failed rollout of the Affordable Care Act. As many Americans have trouble signing up under the exchange, others are struggling with whether or not to renew their plans they've already received termination letters for. In some cases, those plans may not be offered at the same price, since it's costly to backtrack. Part of the confusion lies in the question of whether or not the president has the authorization to do make the change, especially since states regulate insurance companies. Many states are still undecided. Either way, things are getting down to the wire, and many young, healthy people are deciding to forego insurance and eventually take the penalty. If you do decide to enroll and have success with the marketplace, your coverage can begin on January 1st. As of right now, enrollment is slated to close on March 31st.

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