The Health Care Reform Bill will continually alter America's healthcare system until the last provision in 2015. Starting March 23, 2010 the Affordable Care Act becomes effective which includes small business tax credits, extended coverage, and preexisting insurance plans. Keeping up with these provisions will save you time, hassle, and money. Most importantly it is about you and your family's health and improving the quality of life for everyone.
The biggest provision that will directly effect you and your family is the requirement to have health insurance coverage starting January 1, 2014. Use Nevada's Private Health Insurance Exchange to review your coverage options and to apply.
Changes That Are Currently In Affect
The coverage you receive through your employer will basically stay the same except consumer rights will increase. One of these rights is the right to appeal coverage denials. Also lifetime caps for coverage have been removed. If you or a family member have a catostrophic claim there will be no limit on the coverage amount, so you will have coverage in the millions of dollars.
Anything considered preventive is now covered for free. If you purchased a non-grandfathered individual health plan after March 2010 you may reap these benefits. Get your yearly physical, yearly gynocologist, mammograms, cancer screenings, and other preventive care benefits worth thousands of dollars.
Under the new Patient's Bill of Rights the insurance companies cannot set annual dollar limits on coverage and will be phased in for the next 3 years. Insurers will not be able to deny coverage to children under the age of 19 who have pre-existing conditions. Insurers may not put barriers on emergency care if it is outside the given network.
Extended Coverage for Children
People under the age of 26 can stay on their parent's insurance plan no matter what their student status is. This includes employer group plans. Options for uninsurable people vary from case to case and should be discussed with an expert.
Transparency of Health Care Information
The new government website has lists of all plans and carriers in 50 states. The new law requires the industry to be more transparent for consumers to make informed decisions while giving them the option to go through the process online. It is predicted that technology will have a big affect on how this information can be obtained.
Health Reform Bill
To see all provisions and a short summary of each, click here.
Don't be left behind on healthcare news, it is still a big deal. Inform yourself further about Nevada health care, laws, and the health reform. www.Healthcare.gov
Rising Insurance Premiums
Individual health insurance premiums will be at their lowest before October 1, 2013. After October 1 2013 all preexisting conditions will be covered by all insurance carriers. The best action to take is to purchase a health insurance plan now so you may be grandfathered in when the entire health reform is implemented in 2014.
Employee Health Benefits
Small and large businesses now have the option to offer health care benefits without paying for group health insurance. New ERISA and IRS laws allow employers to reimburse employees for their own individual insurance plans. Individual health plans are generally half the price than group health plans and will allow employers to save on payroll taxes. Another benefit option allows employees to pay for their health plan tax free costing the employer nothing after taxes. Please visit Zane Benefits for more information.
Local Experts Helping Everyone
There are local experts who know everything about the health reform and what steps to take to be prepared. There are so many provisions and new laws coming into place that you have to have some kind of advisement. Having someone to talk to in your state will be the easiest but most important aspect in the next few years of health reform. Contact our recomended health insurance advisors.
On 6/28/2012 the Supreme Court decided that the Health Care Reform Bill is constitutional by a 5 to 4 decision. Originally presented and passed as a "penalty", the Health Care Law was deemed a "tax" by the Supreme Court.
Our government is allowed to tax the population so it was concluded that it is constitutional.
Although most mandates don't start till 2014, the mandate may get repealed if the republicans enter the executive branch. Will the predictions be true; higher premiums for young adults, more job loss, and more taxes?
Find Out What The Silver State Health Exchange Is
Las Vegas Sun by Cy Ryan -
January 4, 2013
The federal government has conditionally approved Nevada's plan to set up an information system for consumers and small businesses to compare health insurance plans as required by the Affordable Care Act, also known as Obamacare.
The goal of the Silver State Health Insurance Exchange is to increase the number of people covered by health insurance.
The approval came Thursday from the Center for Medicare and Medicaid Services, which is financing the initial planning and development.
Silver State is working with Xerox State Health to develop consumer entry points -- the Internet enrollment website and the customer call center to be located in Las Vegas and employ about 50 people.
The exchange will open in October and health insurance policies purchased before Dec. 15 will start coverage on Jan. 1, 2014.
It will provide side-by-side comparisons of health insurance plans.
The exchange estimates there are 588,000 uninsured Nevadans under age 65. By May 1, 2014, its target is to have 118,000 people enrolled.
Gov. Brian Sandoval said, "Nevada's exchange will provide residents of our state with a marketplace to shop for, compare and purchase qualified health insurance plans in accordance with the Affordable Care Act."
So far 17 states and the District of Columbia have received conditional approval to operate these plans.
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