Both small employers and midsize employers that like their coverage might be able to keep it in place until Oct. 1, 2016.

Gary Cohen, the outgoing director of the Center for Consumer Information & Insurance Oversight, raises the possibility in a memo in an "insurance standards bulletin series."

Early Wednesday, news organizations began reporting rumors that CCIIO would be letting individuals keep major medical policies that fail to comply with PPACA insurance standards in force for two more years.

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Allison Bell

Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.