The growing number of limited medical plans that are receiving waivers from the Department of Health and Human Services for 2011 — a number that nearly quadrupled in the last couple of months, rising from 30 in September to 117 by Nov. 1 — now face some additional reporting requirements.
HHS guidance calls for those plans with a one-year pass from complying with the Patient Protection and Affordable Care Act’s mandated minimum annual dollar limit of $750,000 in 2011 (rising to $2 million by 2013) to provide participants with written notification stating the annual limit requirements and explaining that the plan does not meet those requirements, but that it qualified for a one-year waiver.
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