Filed Under:Health Insurance, Individual Health

Self-insurance battle continues at NAIC fall meeting

Supporters say micro-stop-loss plans could lead to adverse selection. (AP Photo/Pablo Martinez Monsivais)
Supporters say micro-stop-loss plans could lead to adverse selection. (AP Photo/Pablo Martinez Monsivais)

A panel at the National Association of Insurance Commissioners (NAIC) today decided against putting new curbs on use of small group health insurance stop-loss arrangements.

The panel -- the ERISA Working Group, an arm of the NAIC's Health Insurance and Managed Care Committee -- rejected a stop-loss motion during a session in Washington, at the NAIC's fall meeting, according to an NAIC session summary.

Only 3 states -- Minnesota, New Hampshire and Vermont -- have adopted the entire 1995 model; 18 other states have adopted parts of the model.

PPACA 
The Patient Protection and Affordable Care Act of 2010 (PPACA) exempts self-insured plans from many of the rules that apply to insured group plans.  Some observers have argued that letting small employers use a combination of self-insurance and stop-loss arrangements with very low deductibles could help them evade the new PPACA rules.

If small employers self-insure, that could deprive the workers in those plans of protection from much-needed PPACA consumer protection provisions, PPACA supporters say.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date

Provided by LIFEHEALTHPRO

Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]

Provided by LIFEHEALTHPRO

In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI

Provided by LIFEHEALTHPRO

Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's

Provided by LIFEHEALTHPRO

An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.