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HR wrestles with mini-med regs

Major employers, including McDonald’s, Home Depot and Blockbuster, offer mini-medical plans, but under the Patient Protection and Affordable Care Act, these plans are nearing the last of their days.

By Amanda McGrory-Dixon | Updated on July 21, 2011

Major employers, including McDonald’s, Home Depot and Blockbuster, offer mini-medical plans, but under the Patient Protection and Affordable Care Act, these plans are nearing the last of their days.

Mini-medical plans have long touted affordable premiums, some as low as $14 per week; however, there are strings attached. Annual financial caps and other barriers, such as pre-existing conditions, have limited the amount of coverage an individual can receive, but under PPACA’s new mini-medical regulations, the annual caps have been raised to $750,000 in 2011, $1.25 million in 2012 and $2 million in 2013. Once 2014 hits, annual limits will no longer be allowed for group plans.

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