Experts at Fringe Benefit Group say right now is the "calm before the storm." As early as this fall, major changes to the limited medical industry will occur under the passage of the Patient Protection and Affordable Care Act ("PPACA") and the Health Care and Education Reconciliation Act of 2010.
"Coinsurance-based, expense incurred limited medical plans will be subject to new rules," says John Conkling, vice president of national accounts for Fringe Benefit Group. "Coinsurance-based, expense incurred limited medical plans will be subject to new rules.
"Brokers who currently market limited medical plans – or have customers utilizing limited medical plans – should contact their carrier partner immediately to find out their product strategy as a result of health care reform. They should ask 'How will health care reform affect renewals? Are you still accepting new business?' If the carrier can't give you straight answers, find a new limited medical partner who can."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
