Annual Deductible Limit Repealed for Small Health Plans

A little publicized law was passed last week about Medicare and about eliminated deductible limits for small heath plans.

The Medicare part delays some pay reductions for doctors and delays the implementation of some coding updates that may have been impossible to establish on paperwork.

Another part eliminates the deductible limits on "small" group plans, probably making the way for cheaper monthly prices for some policies. Some people might want this because they use medical savings accounts?

Interesting. Apparently this went through Congress is actually an amendment to the PPACA law.

April 2, 2014

On April 1, 2014, President Obama signed the Protecting Access to Medicare Act of 2014 (Act) into law. The Act’s main provisions preserve the pay rate for physicians treating Medicare patients and delay the compliance deadline for converting to the updated International Classification of Diseases codes for at least one year.

The Act also eliminates the Affordable Care Act’s (ACA) annual deductible limit that applied to health plans in the small group market. This change is retroactively effective to when the ACA was enacted in March 2010.

The Act does NOT eliminate the ACA’s out-of-pocket maximum, which applies to all non-grandfathered health plans for plan years beginning on or after Jan. 1, 2014.



Annual Deductible Limit Repealed for Small Health Plans

Details explained here....
Annual Deductible Limit Repealed for Small Health Plans