SIOUX FALLS, S.D. (AP) — South Dakota will allow insurance companies to decide whether to allow a few thousand state residents to keep their health plans that otherwise would be canceled under the federal health care law.

The Division of Insurance made the announcement Tuesday in response to President Barack Obama's decision Nov. 14 to give companies the option of extending policies for another year. The state still had to approve the changes.

"The federal government was not dictating that we needed to do this. They left it up to the states," said state insurance director Merle Scheiber. "We had a choice."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.