Health insurance policies covering about 3.3 million people may temporarily continue under the final round of CMS waivers for employer-sponsored plans that do not meet provisions of the 2010 healthcare law.
The waivers apply to health insurance policies—mostly for mini-med plans—offered to the workers of 1,231 employers.
The waiver policy, meant as a transition to the implementation of policies in 2014 that effectively will ban most mini-med policies, started in September 2010 offering one-year waivers from the coverage policies. The waivers cover plans that fall short of federal rules created by the Patient Protection and Affordable Care Act (PPACA), which set a minimum annual dollar limit on essential benefits that healthcare plans must provide in 2011, 2012 and 2013. The minimum limit is $750,000 in 2011, $1.25 million in 2012 and $2 million in 2013.
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Source: Modern Healthcare