5 Health Care Reform Protections for you President Obama signed into law the "Patient Protection and Affordable Care Act" ("PPACA") in March 2010 amidst much disagreement amongst politicians.It’s that time of year when most healthcare plans require re-enrollment. As you move through open enrollment, you may benefit from Health Care Reform (1) Adult children coverage until age 26 Under the new law, plans are required to continue coverage for dependent children up to age 26. (2) No Pre-Existing Condition Exclusion for Those Under 19 Plans may not impose pre-existing condition exclusions for children under age 19. Plan years beginning in 2014 are prohibited from imposing pre-existing conditions on any plan participant. (3) Grandfathered Plans Must Comply Plans that were grandfathered, that is were in existence and enrolled an individual as of March 23, 2010, must comply with the following provisions: 1. Adult dependent coverage;2. Pre-existing condition exclusion prohibition for children under 19; 3. Rescission prohibition; 4. Restriction on annual benefit limits; 5. Prohibition against lifetime dollar limit; 6. Prohibition against unreasonable waiting periods (2014); 7. Uniform explanation of coverage (2012); (4) Contraception and Other Women's Health Procedures Required to be Covered Starting with plan years beginning after July 31, 2011, most health plans must cover contraception and certain other preventative services for women at no cost. (5) Supreme Court Review of Constitutionality of Mandated Health Care Insurance One Circuit Court of Appeal has upheld the law and the split in the district courts is nearly 50-50. Stay tuned through the 2012 presidential campaigns and on in to 2014. Healthcare reform will be an important Commerce Clause decision and the pundits really don't know yet how it will turn out. Read the entire article. Top 10 things you need to know about Health Care Reform. Russell S. Buhite is a shareholder with Marshall, Dennehey, Warner, Coleman & Goggin's Professional Liability Department in Tampa. |
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5 Things You Need to Know About Health Care Reform at Retirement Age
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