Copay accumulator programs essentially wipe out certain employee expenses that would otherwise count toward the employee's deductible and out-of-pocket totals. (Photo: Shutterstock)
A patient advocacy nonprofit is warning employer-sponsored plan administrators that a benefit being marketed to them as a cost-control measure may violate certain state and federal health insurance laws.
The benefit: copay accumulator programs. These programs essentially wipe out certain employee expenses that would otherwise count toward the employee's deductible and out-of-pocket totals.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.