A&H Intermediaries L.L.C. has created the Medical Excess Experience Pool, an entity that will help carriers cope with the new federal ban on lifetime medical insurance benefits caps.
MEEP also can provide unlimited coverage immediately, before lifetime limit ban takes effect, according to A&H, Minneapolis.
ACA – the legislative package that includes the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act – will ban lifetime health insurance limits and ban or sharply restrict use of annual limits starting Jan. 1, 2011.
MEEP can help participants spread the risk from incurred claim expenses that exceed $5 million per covered person, A&H says.