WY | The Wyoming Department of Insurance has issued Bulletin 05-2021.
On January 19, 2021, the Center for Consumer Information and Insurance Oversight (CCIIO) issued guidance that allows states the option to extend transitional policies for individual and small group health insurance plans to policy years beginning on or before October 1, 2022 provided that all policies end by January 1, 2023. In other words, states were given the option to extend transitional plans for individual and small group health insurance plans for PY2022.
Pursuant to the option provided to the states by CCIIO, the State of Wyoming will allow transitional policies for both the individual and small group health insurance markets to continue until January 1, 2023. A carrier is not required to continue to offer the transitional policies and may discontinue them, subject to state and federal rules on discontinuance, at their discretion. The Department advises insurers to continue to monitor CCIIO’s website for any subsequent guidance that may be issued on this subject and to follow it accordingly. As before, all other plans issued after January 1, 2014 must be compliant with the Affordable Care Act (ACA).
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