Under Cheryl's health insurance plan, the plan will not cover any charges in excess of $500,000. This provision will be eliminated in 2014; it is referred to as a(n)

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A lifetime limit is a provision that sets a maximum amount that an insurance plan will pay for covered medical expenses during the enrollee's lifetime. In this case, the lifetime limit is $500,000. However, the provision will be eliminated in 2014 due to changes brought about by the Affordable Care Act (ACA). Eliminating this provision means that the insurance plan will no longer have a cap on how much it will pay for covered medical expenses over an enrollee's lifetime.

Under Cheryl's Health Insurance Plan, the Plan Will Not Cover