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Insurers Extend Premium Deadline

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December 18, 2013 AT 11:33 PM
The health insurance industry says consumers will get an extra 10 days to pay their first month's premium under President Barack Obama's health care overhaul. With tight deadlines around the holidays, plus lingering problems with federal and state sign-up systems, the voluntary decision Wednesday by the board of America's Health Insurance Plans does more than give extra time: It also reduces the risk that consumers switching plans could suffer an interruption in coverage due to technology woes. But instead of having to pay their first month's premium by New Year's Eve, they now have until Jan. 10