right, exactly THREEE MILLLION is OMGEE.. come on.
Here is the paragraph from my employer based health care plan (former employer) on this subject:
Quote:
Overall Lifetime Limit Removed.
Previously there was a lifetime maximum amount that insurers would pay for medical claims for one person over the course of their lifetime. Due to federal health care reform, Regence will no longer place an overall lifetime dollar limit on benefits for any health care coverage plan. Any individuals whose benefits under the plan had ceased by reason of reaching a lifetime dollar limit, but who remain covered by the plan, are once again eligible for benefits under the plan. Additionally, individuals whose coverage ended by reason of reaching an overall lifetime limit under the plan are eligible to re-enroll in the plan. Individuals have 30 days from the date of this notice to request enrollment.
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As you can see, my insurance provider was able to meeth this new legal requirement without causing a large increase in premiums or a large decrease in access to coverage, therefore, they did not need a waiver.