A few have a choice of switching to another health plan, if their employer offers more than one. Some spend most of their assets, then seek help from government programs such as Medicaid. Employers and insurers would likely resist efforts to legislate higher limits on lifetime insurance coverage. Some firms' benefit packages come with smaller caps. The dollar amount of lifetime caps varies for those 15 million residents who don't get coverage through employers, but buy their own insurance.
Many employers are concerned, too.
While it's impossible to insure for every possibility, the issue of lifetime caps could become more pressing as baby boomers age. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.