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The issue of indemnity plans is interesting, and will make those "near major medical" plans more difficult.Let us hope that Health and Human Services NMM plan decisions stays confined to larger groups, Ann. Fingers Crossed!
-ac
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The issue of indemnity plans is interesting, and will make those "near major medical" plans more difficult.Let us hope that Health and Human Services NMM plan decisions stays confined to larger groups, Ann. Fingers Crossed!
-ac
The issue of indemnity plans is interesting, and will make those "near major medical" plans more difficult.
you mean those LIMITED BENEFIT PLANS? calling it something else wont change the shape of it...walks, looks and smells like a duck... its a duck... quack quack
The issue of indemnity plans is interesting, and will make those "near major medical" plans more difficult.
you mean those LIMITED BENEFIT PLANS? calling it something else wont change the shape of it...walks, looks and smells like a duck... its a duck... quack quack
RIGHT. But the major medical plans that we have TODAY..the ones that contain the benefits that most Americans are satisfied with, will be officially labeled as "Limited Benefit" plans in 11 months. If today's plans are significantly cheaper than the new 1/1/14 major medical, I'll sell them where appropriate. At least until the IRS penalty becomes as harsh as the savings.. if that ever reaches that point.
-ac
Is anyone really surprised by HHS explanation?
Did any of us think that the HRA could act as QHP?
The big question for me, does the HRA benefit count towards the federal poverty level?
The point of the law, was to eliminate bad plans that cause bankruptcy. I heard Obama say that 100 times. I hope LB plans are eliminated as primary insurance vehicle, and used as supplemental to a MM policy as initially intended.
Feds: Some "indemnity plans" come under PPACA | LifeHealthPro
It's interesting that you mention that. When I look at the plan designs, some of those that would qualify for precious metal designation are less benefit rich that what I currently sell under an HDHP banner - and are more expensive. Some benefits will go up as of 2014, but the deductible/coinsurance situation is maddening vs. a 100% HDHP.