Proponents of mini-med plans were waiting to exhale until federal regulators showed a willingness to stave off the effect that a key provision of the Patient Protection and Affordable Care Act would have on these voluntary benefits for employees seeking affordable, baseline health insurance coverage.
Now they’re breathing easier, but surely will sigh over additional reporting requirements with regard to notifying participants in writing about qualifying for a one-year waiver from the mandated minimum annual dollar limit of $750,000 in 2011, which rises to $2 million by 2013.
