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A federal appeals court has ruled that consumers must be allowed to buy certain types of health insurance that do not meet the stringent standards of the Affordable Care Act, deciding that the administration had gone beyond the terms of federal law.
... At issue is a type of insurance that pays consumers a fixed dollar amount, such as $500 a day for hospital care or $50 for a doctor’s visit, regardless of how much is actually owed to the provider.
Such “fixed indemnity” insurance is normally less comprehensive and less expensive than the “minimum essential coverage” required by the Affordable Care Act. Under the rule, issued by the Obama administration in 2014, fixed indemnity policies could be sold only to people who already have the more comprehensive coverage that meets detailed federal standards.
... Fixed indemnity insurance differs from major medical coverage in many ways. It does not have to provide the “essential health benefits” required by the Affordable Care Act, nor does it have to pay any specific percentage of medical costs. Some fixed indemnity policies provide coverage only for specified diseases, like cancer. In general, consumers have fewer protections.
This may be a big deal for those who have trouble paying for either medical insurance or the fine. This seems like a low cost alternative that will now satisfy the insurance requirements for ObamaCare.
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