New Rules For "Mini-Meds"
About 1.5 million Americans have limited-benefit medical plans that will not comply with the new healthcare law. Therefore, they will be outlawed by 2014. However, most are going to be allowed to remain in existence for now with the requirement to notify participants clearly how much they fall short of the new standards in the Affordable Care Act. We've always had concerns with these plans because people tend to feel they have adequate protection until they exceed benefit levels. The more limited the benefits, the more likely this is to be a problem for covered individuals. As a trusted advisor we always want to see our clients with adequate coverage and it's difficult to be sure every insured individual understands the limitations of these plans.
Posted on 12/10/2010 12:00 PM by David Widmer
"Doc Fix" unanimously approved by the Senate and is expected to clear the House. Obama says, "This agreement is an important step forward to stabilize Medicare." This should be great news for the short-term... what's next?
Posted on 12/09/2010 8:00 AM by David Widmer
We appear to have a Medicare "doc-fix" to delay deep cuts in Medicare payments to docs. Good news, right? This deal, rather bipartisan deal, includes changes in the tax subsidy program that will help fund premiums for some consumers buying insurance through the new insurance exchanges in 2014. It's a $19.2 billion proposal that will be on the Senate floor Wednesday. Supposedly it would be paid for by changing the rules on how the government will recoup overpayments in the subsidy program for people with incomes between 100 and 400 percent of the federal poverty level. Specifically, the program is slated to recoup up to $200 for an individual and $400 for a couple, but the agreement would raise the limits, as well as look for money elsewhere... sound complicate and iffy? It does to me, but I'm all for seeking stability as we sort out the details of the new healthcare reform law!
Posted on 12/07/2010 11:00 AM by David Widmer