September 23rd has arrived! Print E-mail
Written by Brian Robertson   
Friday, 24 September 2010 09:56
The PPACA hit a benchmark date in which group health insurance plans will need to begin meeting a new series of requirements including:
  1. No lifetime dollar limits on essential health benefits
  2. No annual dollar limits on essential health benefits ($750,000 for plan years up to 9-23-11 and phasing out by 2013
  3. No pre-existing condition clauses for children under 19 (broadens to all persons 1-1-2014)
  4. Extended dependent coverage to age 26 with no conditions
There are many other requirements and further detail to each of these provisions.  Check with your benefits attorney or many of the professional insurance associations for details you should be aware of. 
What does this mean for you as a limited medical broker is the real question. What can you sell? How are you ready to today to help your clients and advise them on health insurance strategies? Please check out our articles and press releases in this section for important information.
At Framework Health Plan, we believe in clarity and keeping things simple. Key points for you to keep in mind include:
  1. Group Supplemental Fixed Indemnity plans are not impacted by PPACA and may still be used to create a limited medical style program.  Many examples are available to view on our site.
  2. New business is still being accepted by each of our carrier partners.  Now and beyond 2014
  3. Our online enrollment and services, including payments of missed premium by employees, make it easier to manage your limited medical clients.
 Key questions for brokers with expense incurred limited medical business include:
  1. Will my group get a waiver this year?  What about next year?
  2. Will further clarifications of the Act impact the operation of my plan?
  3. Will my revenue be impacted by the MLR rules that go into effect in this coming plan year?
Contact us to discuss solutions that are good for you and your clients. We have assisted tens of thousands of employees with limited medical benefits for the past decade and we are ready to help you through 2013 and beyond.
 

Framework Health Plan

Think inside the box.