- Feb 12, 2007
- 59,384
- 24,019
- 2,290
More Hopey Changiness!!!!!
The Obama Administration has approved another 200 waivers for a grand total of 1,372 to date. At this rate, every Liberal Crony will be exempted by the time the full program goes into effect.
he Affordable Care Act is designed to provide Americans with affordable, high-quality coverage options while ensuring that those who like their current coverage can keep it. Unfortunately, today, limited benefit plans, or mini-med plans are often the only type of insurance offered to some workers. In 2014, the Affordable Care Act will end mini-med plans when Americans will have better access to affordable, comprehensive health insurance plans that cannot use high deductibles or annual limits to limit benefits. In the meantime, the law requires insurers to phase out the use of annual dollar limits on benefits. In 2011, most plans can impose an annual limit of no less than $750,000.
Mini-med plans have lower limits than allowed under the Affordable Care Act. While mini-med plans do not provide security in the event of serious illness or accident, they are unfortunately the only option that some employers offer. In order to protect coverage for these workers, regulations allow these plans to apply for temporary waivers from rules restricting the size of annual limits to some group health plans and health insurance issuers.
Waivers only last for one year and are only available if the plan certifies that a waiver is necessary to prevent either a large increase in premiums or a significant decrease in access to coverage. In addition, enrollees must be informed that their plan does not meet the requirements of the Affordable Care Act. No other provision of the Affordable Care Act is affected by these waivers: they only apply to the annual limit policy.
As of the end of April 2011, a total of 1372 one-year waivers have been granted. This update includes 221 new approvals. Key facts about annual limits waivers:
- Of all the waivers granted to date, the vast majority more than 95 percent of all waivers were granted to health plans that are employment-related. These include self-insured employer health plans, health reimbursement arrangements, collectively-bargained multi-employer plans, and health plans sold by issuers to fully-insured employers. The links below contain descriptions of these and other types of entities receiving waivers.
- The number of enrollees in plans with annual limits waivers is 3.1 million, representing less than 2 percent of all Americans who have private health insurance today.
Helping Americans Keep the Coverage They Have and Promoting Transparency | cciio.cms.gov
The Obama Administration has approved another 200 waivers for a grand total of 1,372 to date. At this rate, every Liberal Crony will be exempted by the time the full program goes into effect.
he Affordable Care Act is designed to provide Americans with affordable, high-quality coverage options while ensuring that those who like their current coverage can keep it. Unfortunately, today, limited benefit plans, or mini-med plans are often the only type of insurance offered to some workers. In 2014, the Affordable Care Act will end mini-med plans when Americans will have better access to affordable, comprehensive health insurance plans that cannot use high deductibles or annual limits to limit benefits. In the meantime, the law requires insurers to phase out the use of annual dollar limits on benefits. In 2011, most plans can impose an annual limit of no less than $750,000.
Mini-med plans have lower limits than allowed under the Affordable Care Act. While mini-med plans do not provide security in the event of serious illness or accident, they are unfortunately the only option that some employers offer. In order to protect coverage for these workers, regulations allow these plans to apply for temporary waivers from rules restricting the size of annual limits to some group health plans and health insurance issuers.
Waivers only last for one year and are only available if the plan certifies that a waiver is necessary to prevent either a large increase in premiums or a significant decrease in access to coverage. In addition, enrollees must be informed that their plan does not meet the requirements of the Affordable Care Act. No other provision of the Affordable Care Act is affected by these waivers: they only apply to the annual limit policy.
As of the end of April 2011, a total of 1372 one-year waivers have been granted. This update includes 221 new approvals. Key facts about annual limits waivers:
- Of all the waivers granted to date, the vast majority more than 95 percent of all waivers were granted to health plans that are employment-related. These include self-insured employer health plans, health reimbursement arrangements, collectively-bargained multi-employer plans, and health plans sold by issuers to fully-insured employers. The links below contain descriptions of these and other types of entities receiving waivers.
- The number of enrollees in plans with annual limits waivers is 3.1 million, representing less than 2 percent of all Americans who have private health insurance today.
Helping Americans Keep the Coverage They Have and Promoting Transparency | cciio.cms.gov
