Small businesses seeking to ward off key health-law provisions—at least for a while—are weighing offers by some large insurers to hit the reset button on their yearlong health plan contracts in December.
Many contracts normally restart at the beginning of January. But, pushing the date to December could allow small firms to delay the impact of key health-law provisions that broadly kick in once plans renew after Jan. 1.
Insurers including Aetna Inc., UnitedHealth Group Inc., and Humana Inc. are all offering companies the chance to do so. Under the law, small businesses' health plans would have to cover a range of required benefits and face pricing rules that spread the risk of costly medical bills. That can particularly raise prices for companies with younger, healthier workers but may lead to small increases, or even reductions, for businesses with less-healthy workers.