Many Americans still receive insurance coverage from the kind of plans that were supposed to be eliminated through the Affordable Care Act — plans that place outrageously low limits on the amount they pay for medical care, according to Consumer Reports.
According to the report, many Americans are still prey to "junk" insurance plans that provide skimpy insurance coverage. Some plans, called mini-meds, are operated by insurance companies and employers with dispensation from the federal government. Others, known as health discount cards and fixed benefit indemnity plans, are operated from smaller companies and are so meager that regulators do not consider them true health insurance.
Many insurance companies provide mini-med insurance products aimed at workers in industries such as retail, food service and temp agencies. The plans provide extremely limited benefits — often no more than a few thousand dollars a year. Mini-med plans were supposed to be eliminated after the passage of the Affordable Care Act, which mandates that health plans not put an annual or lifetime cap on essential health benefits.
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According to the report, many Americans are still prey to "junk" insurance plans that provide skimpy insurance coverage. Some plans, called mini-meds, are operated by insurance companies and employers with dispensation from the federal government. Others, known as health discount cards and fixed benefit indemnity plans, are operated from smaller companies and are so meager that regulators do not consider them true health insurance.
Many insurance companies provide mini-med insurance products aimed at workers in industries such as retail, food service and temp agencies. The plans provide extremely limited benefits — often no more than a few thousand dollars a year. Mini-med plans were supposed to be eliminated after the passage of the Affordable Care Act, which mandates that health plans not put an annual or lifetime cap on essential health benefits.
Related Articles on Coding, Billing and Collections:
CMS: Prepare Now for April 1 Enforcement of Version 5010
Feds to Postpone ICD-10 Implementation Date
Physicians Applaud News of ICD-10 Implementation Delay