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Originally Posted by coadie
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What are waivers?
Waivers only last for one year and are only available if the plan certifies that a waiver is necessary
to prevent either a large increase in premiums or a significant decrease in access to coverage. In addition, enrollees must be informed that their plan does not meet the requirements of the Affordable Care Act. No other provision of the Affordable Care Act is affected by these waivers: they only apply to the annual limit policy.
As of today, a total of 733 waivers have been granted for 2011. Key facts about annual limits waivers:
There was an increase in the number of applications received at the end of 2010
because December 1 was the final day to apply for a waiver for a plan or policy year that begins on January 1 – as many plans do. Over 500 waivers were granted in December. While the number of approved waivers increased by more than 200 percent, the total number of enrollees in plans receiving waivers has increased by only 48 percent since the previous posting.