WASHINGTON, March 5 The Obama administration
said on Wednesday it would allow health insurers to extend plans
that fail to comply with President Barack Obama's healthcare law
for an additional two years, giving some consumers the option of
keeping their policies into 2017.
In a release of comprehensive insurance guidelines for next
year, officials also said the government was extending the 2015
open enrollment by one month to create a three-month period
running from Nov. 15, 2014, to Feb. 15, 2015.
The guidelines also presented an early glimpse of the cost
of Obamacare-compliant plans, saying the annual cap on
out-of-pocket expenses for consumers would rise to $6,600 for
individuals and $13,200 for families.
(Reporting by David Morgan; Editing by Peter Cooney)