Sources: You May Be Able to Keep Your Plan Source tells CNN current plans will be renewed for one year By Kate Seamons, Newser Staff Posted Nov 14, 2013 9:49 AM CST 193 comments Comments President Barack Obama arrives on the South Lawn of the White House after a trip to New York for a speech on education, and fundraising events on Friday, Oct. 25, 2013 in Washington. (AP Photo/ Evan Vucci) (Newser) – President Obama may able to strip those Pinocchios from his record: A Democratic official tells the Wall Street Journal that the White House will allow insurers to continue to offer the "substandard" plans that have been canceled, to the distress of many, as a result of ObamaCare. CNN is calling it an "administrative" solution, rather than a legislative one. A Democratic source tells the network that those who have individual policies will be granted a one-year renewal. But in a move likely intended to push people off those plans, the insurance companies will have to tell policyholders which benefits they will be missing out on by not changing their coverage. The president will make a statement at 11:35am ET. The Journal notes that the announcement may be enough to cause Democrats to back off their support of a House vote on a Republican bill addressing these plans scheduled for tomorrow.