The Department of Health and Human Services announced Thursday the new health reform law will end limited medical plans – or mini-meds – in 2014. The department also released new rules for how these plans will be issued going forward.
According to HHS, carriers offering mini-meds will have to let consumers know in plain language that their plan offers "extremely limited medical benefits" and will need to direct consumers to a government website (www.healthcare.gov) for more information about coverage options.
Carriers also will no longer be allowed to sell new policies except under "very limited circumstances" -only insurers that have obtained a waiver of the annual limit requirement can sell policies to new employers and individuals.
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