Obamacare

ObamaCare Cap on Out-of-Pocket Costs Delayed

Pushed off until 2015

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The Obama administration has quietly delayed another major provision of the federal health care overhaul, pushing off until 2015 a mandatory cap on out-of-pocket costs for individuals. 

The New York Times reported on Tuesday that the administration is giving some insurers a one-year grace period to adhere to the limit, which otherwise would have capped individual costs at $6,350 a year and gone into effect in 2014. The change means some insurers could set higher limits or set no limit at all on out-of-pocket costs during that period. 

The grace period apparently was granted earlier this year, though was buried in reams of regulatory material and was not publicly reported until now.