Filed Under:Health Insurance, Individual Health

Feds: Some "indemnity plans" come under PPACA

Have questions about hospital indemnity plans? EBSA has answers.
Have questions about hospital indemnity plans? EBSA has answers.

Selling health insurance products outside the Patient Protection and Affordable Care Act (PPACA) framework could get trickier.

Officials at the federal agencies responsible for implementing PPACA have emphasized in a new batch of answers to frequently asked questions (FAQs) that the agencies will be using a narrow definition of the term "indemnity insurance" when deciding which products are and are not excepted from PPACA health insurance requirements.

EBSA is expecting the exchange notices to start going out in the late summer or in the fall, officials said.

EBSA officials have given sobering advice to companies that want to sell "limited benefit health insurance" products, such as hospital indemnity insurance policies, that fall outside the new PPACA rules on health-status-based underwriting, annual and lifetime benefits limits, and benefits package design.

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Nichole Morford

Nichole Morford
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