Waivers only last for one year and are only available if the plan certifies that a waiver is necessary to prevent either a large increase in premiums or a significant decrease in access to coverage. In addition, enrollees must be informed that their plan does not meet the requirements of the Affordable Care Act. No other provision of the Affordable Care Act is affected by these waivers: they only apply to the annual limit policy.
As of the end of March 2011, a total of 1168 one-year waivers have been granted. This update includes 129 new approvals. Key facts about annual limits waivers:
- Of all the waivers granted to date, the vast majority – more than 95 percent of all waivers – were granted to health plans that are employment-related. These include self-insured employer health plans, health reimbursement arrangements, collectively-bargained multi-employer plans, and health plans sold by issuers to fully-insured employers. The links below contain descriptions of these and other types of entities receiving waivers.
- The number of enrollees in plans with annual limits waivers is 2.93 million
Obamacare Waivers:
1 comment:
An example of the disaster of ObamaCare!
Posting a link to this story over at my own blog!
Cheers.
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