Health Reform overview
On March 23, 2010, President Obama signed into law the Patient Protection and Affordable Care Act. The Act will not be implemented all at once. Portions of the law have already taken effect. Other changes will be implemented through 2014 and beyond.
The U.S. Department of Health & Human Services has been entrusted with the responsibility for implementing many major provisions of the historic health reform bill, the Affordable Care Act. This bill was further improved by the Health Care and Education Affordability Reconciliation Act of 2010, which the President signed into law on March 30, 2010.
Although government agencies may refer consumers to local health carriers or the insurance regulators in your state, we recommend that you contact us. We can show you all the carriers, options, government programs, tax credits & subsidies in the market. This will help to assure the best outcome and value for this special type of insurance.
Health Reform highlights
Below are some highlights of the various aspect of heatlh reform.
- Small employer tax credit
- Prohibitions on rescissions
- Elimination of lifetime benefit maximums
- Improved in-plan preventive care services
- In-plan colorectal cancer screenings and exam coverage for members age 50 and older
- Grandfathered plans and employer restrictions
- Elimination of pre-existing condition waiting periods for children under age 19 OREGON
- Temporary federal high risk guaranteed programGuaranteed individual markets for adults
- Individual Mandate 2014
- Dependent children can stay on health plans to age 26
- Employers may not favor highly compensated employees with special plan eligibility or a higher level of benefits
- Employers must report cost of health insurance provided on employee W-2's
- Insurance carrier regulation including loss ratio requirements
- Proposed health insurance exchanges 2014
Health Reform Resources
There are many sources of information regarding health reform. Below are some suggested sites to learn more about reform: