Health Care Reform

Health Insurance Reform - Healthcare Quotes

In 2014 major parts of the law will be put into place, and your own coverage may be affected. The ACA will bring more, required benefits to all new health plans. Quick facts about health care reform.

• Beginning in 2014, most people must have insurance or potentially pay a penalty - Preventive care (including immunizations) provided without cost share, including enhanced coverage of women’s preventive health benefits
• Coverage will include Essential Health Benefits
• Subsidies and tax credits available for some through the Exchanges to help cover monthly payments
• No annual or lifetime limits on Essential Health Benefits
• No pre-existing condition exclusions
• Public exchanges (“online Marketplaces” where you can compare/buy a plan)
• Only four criteria determine rates you pay
• Young adults up to age 26 can stay on parents plan

In March 2010, Congress passed and the President signed into law the Affordable Care Act, which puts in place comprehensive health insurance reforms that will hold insurance companies more accountable, lower health care costs, guarantee more health care choices, and enhance the quality of health care for all Americans.

Whether you get health benefits through work, buy insurance yourself, have a small business and desire to provide health coverage to your employees, are on Medicare, or don't currently have insurance, the Affordable Care Act gives you better control of your own decisions about your health coverage.

It makes insurance more affordable right away by providing small businesses with a tax credit to provide coverage, and in 2014, by providing tax credits to those who need help in buying insurance - representing the largest middle class tax cut for health care in history.

The Affordable Care Act is projected to reduce premium costs for millions of families and small business owners who are priced out of coverage today. This could help as many as 32 million Americans who have no health care today receive coverage.

Once the Affordable Care Act is fully implemented, Americans will have access to affordable health coverage.

Health Care 2014 Things You Should Know

1. If you have children under age 26, you can insure them if your policy allows for dependent coverage. The only exception is if you have an existing job-based plan, and your children can get their own job-based coverage.
2. Job-based health plans and new individual plans won't be allowed to deny or exclude coverage to any child under age 19 based on health conditions, including babies born with health problems.
3. If your employer doesn't offer insurance, you will be able to buy insurance directly in an Exchange that gives you power similar to what large businesses and members of Congress have to get better choices and lower prices.
4. If your income is less than the equivalent of about $88,000 for a family of four today and your job doesn't offer affordable coverage, you may get tax credits to help pay for insurance.
5. Insurance companies won't be able to drop you when you get sick just because you made a mistake on your coverage application.

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