The health insurance industry will give consumers an extra ten days to pay their first month's premium under the new health care overhaul.
Deadlines falling around the holidays and problems with federal and state sign-ups caused the board of America's Health Insurance Plans to give extra time to pay. The board's decision also reduces risks of coverage interruptions for consumers who switch their plans.
Consumers will still have to choose a plan by December 23 (next Monday), but instead of paying their first premium by New Year's Eve, they'll have until January 10. That allows them to receive coverage retroactive to the first of the year.
The board represents around 90 percent of health insurers.
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