Most of the approved waivers were for plans that offer limited benefits to employees and that would have struggled to meet the coverage requirements in the PPACA. In 2014, plans will be restricted from imposing annual or lifetime coverage caps. These waivers, though, protect employees from losing their limited coverage.
Since the end of July, HHS had approved more than 1,400 one-year waivers and 106 three-year waivers, the report said.
Related Articles on Health Insurance:
Michigan Legislature Caps Public Health Insurance Plans
Health Affairs: Affordable Care Act to Spur Healthcare Spending
Report: 72% of People Who Lost Jobs, Health Insurance Skip Needed Healthcare
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
