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In the United States, private health insurance often includes a lifetime cap on coverage of certain conditions. Before the ACA was passed under President Obama,
by mmcconnell1618 5y ago
In the United States, private health insurance often includes a lifetime cap on coverage of certain conditions. Before the ACA was passed under President Obama, many policies would not cover pre-existing conditions. Insurance companies no longer deny coverage for pre-existing conditions but there are no price controls on premiums. It is very conceivable to end up with a multi-million dollar healthcare bill in the United States, even with a good private health insurance policy. Insurance reduces the chances of that happening but it does not guarantee freedom from the chance of a medical bankruptcy.
- ctdonath 5y agoHealthcare providers will work out manageable/fair billing and payment plans, if the patient will simply take the initiative to discuss it. They're just not going to advertise the fact.
- refurb 5y agoThere are no lifetime caps any more. You seem worried about things that don’t exist.
- mmcconnell1618 5y agoThe limit on lifetime and annual caps only applies to "essential health benefits" which gives insurance companies the ability to deny first and force the insured to fight to get payment. Grandfathered legacy policies are also allowed to maintain lifetime bans. https://www.hhs.gov/healthcare/about-the-aca/benefit-limits/index.html https://www.hhs.gov/healthcare/about-the-aca/benefit-limits/...
- refurb 5y agoPretty much anyone with ACA insurance (through employer or exchanges) does NOT have a grandfathered plan. They are an exception and usually tied to exempt plans through unions, etc.