The market for voluntary hospital indemnity benefit plans may be headed for upheaval, according to legal experts in the benefits market.
Last June, the departments of Labor, Treasury, and Health and Human Services proposed a rule that would affect the structure of so-called “excepted” benefit insurance policies.
The excepted benefit distinction is critical for voluntary insurance product manufacturers; these policies can be structured without regard to the regulations in the Affordable Care Act, certain provisions of the Employee Retirement Income Security Act or the Public Health Service Act.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
