"Regulators want to keep insurers or other parties from using cleverly designed excepted benefits products that would create a new class of limited-benefit medical insurance plans that would be exempt from the PPACA annual benefits limits ... Medical insurers' lack of enthusiasm for, and understanding of, the proposed 'limited wraparound' benefits product line has surfaced in comments trade groups have filed in response to draft regulations released in December.... Health insurers are afraid the wraparound plans would disrupt the existing excepted benefits markets.... are afraid the wraparound products would suddenly turn a federal agency, OPM, into a major excepted benefits regulator.... [and] have no idea how federal regulators think the products would work."

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