The law that was designed to cater to the health care needs of the vulnerable might end up causing trouble for one of the country’s weakest groups: Detroit’s public retirees. In order to try and get the city’s fiscal house in some semblance of order, Emergency Manager Kevin Orr is cutting health care benefits to 8,000 retirees under 65. They will receive a $125 stipend to purchase coverage on the exchanges and may qualify for Federal subsidies.
The IRS still has the authority to impose fines on nonfilers.
Insurers have may defenses. One problem: The bad guys know about the defenses.
The law affects access to policy loans for insureds who are getting LTC-related accelerated death benefits.
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