Private Health Insurance: Waivers of Restrictions on Annual Limits on Health Benefits
Abstract
The Patient Protection and Affordable Care Act (PPACA), which became law in March, 2010, generally prohibits health insurance issuers and group health plan sponsors from imposing annual limits on the dollar value of essential covered health benefits beginning on January 1, 2014, but allows restricted annual limits, as defined by the Secretary of Health and Human Services (HHS), on the value of those benefits until that time.1,2 In setting these annual limits, HHS is statutorily required to ensure that individuals access to needed services remains available with a minimal impact on plan premiums.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 14, 2011
- Accession Number
- AD1180214
Entities
People
- John E. Dicken
Organizations
- United States Government Accountability Office