On Tuesday, June 22, 2010, the Obama administration published interim final regulations implementing several of the private insurance market reforms that will become effective on or after September 23, 2010. The regulations are intended to provide guidance on the private insurance market reforms set forth in the Patient Protection and Affordable Care Act (PPACA), as modified by the Health Care and Education Reconciliation Act of 2010 (HCERA), regarding lifetime and annual limits, pre-existing condition exclusions, rescissions and other patient protections. These interim final regulations will be open for comment until August 27, 2010.
You can read a brief overview of the provisions on lifetime and annual limits and pre-existing condition exclusions and rescissions. In addition, please click here for an update on PPACA’s provisions regarding extended health insurance benefits for young adults.