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Major Medical Internal Benefit Maximums Being Eliminated.
Today I learned of a new aspect of health reform. A major medical plan can no longer contain limited-medical plan attributes.
One of our carriers is canceling, as of today, sales of it's most popular policy. It's a major medical that limits Outpatient Diagnostic Testing (CT Scans, MRI's, etc.) to $500 and Outpatient Surgery to $20,000 in a given policy year. What a bummer. It was one of my favorite plans due to its low premium.
In addition, the option to limit the dollar amount of the outpatient testing and surgery benefit (in order to reduce the premium) on all their other plans is being removed.
So it appears that there will be Major Medical and Limited Benefit medical policies, but the two cannot be intermingled.
This company is also removing the options for premium guarantee periods beyond 12 months in duration for all of its plans with effective dates of 10/1/2010 and later.
-A.C.
Today I learned of a new aspect of health reform. A major medical plan can no longer contain limited-medical plan attributes.
One of our carriers is canceling, as of today, sales of it's most popular policy. It's a major medical that limits Outpatient Diagnostic Testing (CT Scans, MRI's, etc.) to $500 and Outpatient Surgery to $20,000 in a given policy year. What a bummer. It was one of my favorite plans due to its low premium.
In addition, the option to limit the dollar amount of the outpatient testing and surgery benefit (in order to reduce the premium) on all their other plans is being removed.
So it appears that there will be Major Medical and Limited Benefit medical policies, but the two cannot be intermingled.
This company is also removing the options for premium guarantee periods beyond 12 months in duration for all of its plans with effective dates of 10/1/2010 and later.
-A.C.
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