With the Affordable Care Act prohibiting annual limits on medical benefits, mini-med plans have met their demise. Many employers looking for a replacement are asking benefit advisers about another option the skinny plan.
Since its inception, the ACA has worked to phase out caps placed on the annual dollar amount of benefits an insurance company will pay per covered individual or family; and in 2014, annual dollar limits of any kind have become prohibited altogether, bringing an end to the so-called mini-med plan.
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