HM Insurance Group is offering unlimited lifetime maximum stop loss coverage for self-funded health care plans.
HM, a unit of Highmark Inc., Pittsburgh, is one of a number of insurers that in recent weeks are offering unlimited stop-loss coverage to help employers that fund their own health care plans meet the mandates of the new Patient Protection and Affordable Care Act. Among its many provisions, PPACA bans lifetime maximums for health care benefits.
HM is providing limitless policies for its new and renewal business, along with no annual maximums, subject to approvals by state regulators, the company says.
