Skinny Plans Gain Strength

skinnyA loophole in the Affordable Care Act has made it possible for some employers to continue offering mini-med plans, and many employers are responding. The provision that has “skinny” plans gaining strength says that companies are free to keep offering plans that don’t comply as long as they offer at least one plan that does comply.

One of the biggest reasons these plans are continuing to grow is that they fill a need in the marketplace – many people want a plan that will provide reimbursement for specific services while not costing a lot. These plans, which the administration intended to eliminate after 2014, were very common among retailers and restaurants. With enrollment in many of these plans remaining strong, some experts are looking for ways to modify these options to meet the individual requirement.

To view other articles from the SIP Spring Newsletter, please click here.

In cooperation with NAEBA

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