CMS Issues Guidance Extending Annual Limits Waiver
June 20, 2011
On June 17, 2011, the Centers for Medicare and Medicaid Services(CMS)issued guidance allowing health plans to extend their annual limits waiver approval through 2013.
The new guidance will help ensure that employers can continue to provide employees access to affordable health care coverage.The waiver extension request must be submitted by September 22, 2011, and "Annual Limit Updates" must be submitted by December 31, 2012 and December 31, 2013 to extend the waiver through 2013.
Any plan offered prior to September 23, 2010 that wants to keep annual limits but has never requested a waiver needs to do so by September 22, 2011.
The guidance also includes new disclosure requirements that require health plans with waivers to more clearly communicate the limits of the coverage to plan participants.
Cigna will submit a waiver request for our Cigna Voluntary Starbridge and Fundamental Care products. We will also support our clients desiring to extend the waivers on other plans. This is consistent with our efforts to keep access to affordable care available until the new exchange marketplace is established in 2014.
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