Posts Tagged ‘health care bill’
What does Health Care Reform Mean For You?
Posted by Todd Fries | Filed under Health Insurance
Now that Obama has signed the Health Care Bill into law, what does that mean for us? When does it go into effect?
Please call to discuss any issues you may have since there’s a lot of confusion around this new bill and I’m sure many of you have questions. Below are the fundamentals of what we know, but how all these changes ultimately unfold and when, only time will tell:
- Children with pre-existing conditions can no longer be denied health insurance coverage, and adults who are uninsured because of pre-existing conditions will have access to affordable insurance through a temporary subsidized high-risk pool.
- Health care plans will allow young people to remain on their parents’ insurance policy up until their 26th birthday.
- Insurance companies will be banned from dropping people from coverage when they get sick, and they will be banned from implementing lifetime caps on coverage. (more…)
Simple Guide to Senate Health Care Bill Provisions
Posted by Todd Fries | Filed under FAQ, Health Insurance
Here are a few provisions of the Senate bill that would impact consumers the most, with a summary of how the House bill compares:
Required coverage (the “individual mandate”): American citizens and legal residents would be required to have health insurance, or pay a fine. For an individual, the fine would be $750 per year or 2 percent of household income, whichever is greater; for a family, the maximum fine would be $2,250 per year or 2 percent of household income. The fines would go into effect gradually, starting in 2014. The House bill is similar, with exemptions for certain low-income people. (more…)
