Limited Medical Benefit

Despite various movements to overhaul health care delivery and funding in the US, the standard for providing health insurance is still employer-based. For those that do not have “traditional” health coverage through their employer, they may be eligible to elect coverage under a limited benefit medical plan. A Limited Benefit Medical plan is not a comprehensive major medical plan, nor is it intended to replace a major medical plan. The plan is intended to provide the insured and their covered dependents, with basic insurance coverage that is capped at specific amounts for specific services. There are also options with MEC (Minimum Essential Coverage) included.