Companies Exemptions for Limited-Benefit Health Plans

11:18 AM
Companies Exemptions for Limited-Benefit Health Plans -

employees The Department of Health and Human Services (HHS) has already granted waivers for over one million health insurance policies limited benefits to ensure that low-wage and part-time workers do not lose health benefits. Many companies fear that they would not be able to provide limited benefit plans because of the regulatory reform of health care and asked HHS for exemptions.

The exceptions are only good for one year and are considered a temporary solution until consumers can buy and receive subsidized health insurance market in 2014. health insurance companies who provided evidence that employee premiums would rise significantly or employees would lose complete coverage have been granted waivers by BusinessWeek.

Robert Laszewski the associated health policy and strategy said. "The big political issue here is the president promised that no one lose the coverage they 've got here we are a month before the election, and these companies represent 1 million people who would lose the coverage they 've got, so that the administration can "t fall into this trap."

that the exceptions are that political reasons is uncertain, but the companies won "t be necessary to provide a minimum level of annual benefits at this time.

companies can always follow medical loss ratios (MLR) when those regulations are determined and request additional exemptions. many benefit plans limited and mini-med plans may not meet the MLR requirements. These plans have high administrative costs, which explains why McDonald "s have asked for an additional exemption so it won "t have to comply with the MLR last week.

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