On April 1, 2014, President Obama signed the Protecting Access to Medicare Act of 2014 (Act) into law. The Act’s main provisions preserve the pay rate for physicians treating Medicare patients and delay the compliance deadline for converting to the updated International Classification of Diseases codes for at least one year. The Act also eliminates the Affordable Care Act’s (ACA) annual deductible limit that applied to health plans in the small group market. This change is retroactively effective to when the ACA was enacted in March 2010.
- For 2014 plan years, small group health plans were subject to annual deductible limits.
- A new law repeals the ACA’s annual deductible limit, effective retroactively.
Read the full Health Care Reform Bulletin brought to you by Clark and Associates of Nevada to learn more about the repeal of annual deductible limit for small health plans.