Deductibles & Keeping Your Plan

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Deductible Limits Repealed

April 1, 2014: President Obama signed the “Protecting Access to Medicare Act of 2014.” This act focuses on Medicare reimbursement rates for doctors. It delays a 24 percent cut in Medicare Physician payments for one year. In addition to this and what is important to Small Employers (those with

With the lifting of this restriction, Small Employers will have more flexibility to choose health plans with higher deductibles. This law; however, does not affect the Affordable Care Act’s out-of-pocket maximum.

Keeping Your Plan
Back in November, it was ruled that the insured could keep their current health plans for a little while longer if state commissioners approved it. In March, the Obama Administration announced a two-year extension on this policy, allowing people to renew non-qualified health plans through 2017. This only applies to existing coverage. The commissioner in New Jersey did permit carriers to decide whether to let insureds keep their plans. At that time, ONLY UnitedHealthcare/Oxford allowed the “keeping your plan.” Previously, the commissioner in New York did not allow the “keeping your plan.” Therefore, the only policies that will be allowed to renew may be with UnitedHealthcare/Oxford.

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