HOW HEALTH CARE REFORM WILL ROLL OUT

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Davids mom
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HOW HEALTH CARE REFORM WILL ROLL OUT
(Time Magazine)

2010
• The Uninsured: Receive immediate access to coverage through high-risk pools if they are uninsured because of pre-existing conditions; children can remain on parents’ plans until they are 26.

•Insurers: Barred from removing coverage when a person gets sick, deningy coverage to kids with pre-existing conditions and imposing lifetime coverage caps.

• Employers: Small businesses can receive tax credits to purchase insurance for employees

• Medicare Prescription-Drug Beneficiaries: Receive a $250 rebate when they hit the ‘doughnut’ hole’ gap in drug coverage (currently when enrollees pass $2,700 in costs, they lose coverage until they reach $6,154.)

2011
• Insurers: Required to spend at least 80% of premiums on medical services

• Medicare Prescription-Drug beneficiaries: Receive a 50% discount on brand- name drugs while in the doughnut hole.

2013
Taxpayers: Medicare payroll taxes increase and expand to include unearned income for individuals making more than $200,000 and families earning more than $250,000.

2014
The Uninsured: Most Americans are required to get covered or pay a penalty; families can receive subsidies to buy insurance if they earn up to four times the federal poverty level (currently a bout $88,000 a year); individuals and small businesses can buy packages through state exchanges.

Insurers: Prohibited from refusing to sell policies and limited in their ability to set prices on the basis of health status.

Employers: Businesses with 50 or more employees must provide coverage or pay a penalty.

2018
Taxpayers: High-cost employer-provided policies ($27,500)for family or $10,200 for single coverage are subject to a 40% excise tax.

2020
Medicare Prescription-Drug Beneficiaries: The prescription-drug coverage gap is eliminated.