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Health Care Reform 2014 Question & Answers

2015 June 4
by Sarah Fields

Lizzie asks…

What will happen when the Health care reform law is fully implemented?

How will the changes to health care be paid for?

Will Health Insurance be mandatory ?

Will small businesses have to carry insurance on their employees?

Sarah Fields answers:

This will answer your questions. Here is the general outline for the bill’s timline:

Within 90 days: Would provide immediate access to high-risk pools for people with no insurance because of pre-existing conditions.

Within six months: Would bar insurers from denying people coverage when they get sick.

* Would bar insurers from denying coverage to children with pre-existing conditions.
* Would bar insurers from imposing lifetime caps on coverage
* Would require insurers to allow people to stay on their parents’ policies until they turn 26.

Within a year: Would provide a $250 rebate this year to Medicare prescription drug beneficiaries whose initial benefits run out.

2011: Would require individual and small group market plans to spend 80 percent of premium dollars on medical services. Large group plans would have to spend at least 85 percent.

2013: Would increase the Medicare payroll tax and expand it to dividend, interest and other unearned income for singles earning more than $200,000 and joint filers making more than $250,000.

2014: Would privide subsidies for families earning up to 400 percent of the poverty level, currently about $880000 a year, to buy health insurance.

* Would require most employers to provide coverage or face penalties.
* Would require most people to obtain coverage or face penalties.

2018: Would impose a 40 percent excise tax on high-end insurance benefits.

William asks…

If the senate new health care reform bill passes when will it actually go into effect?

I am worried since I have health care up until January of 2010. When will this reform take place? The moment it passes, couple months later. After this then what?

Sarah Fields answers:

2014, BUT WE WILL START GETTING HIT WITH ALL THE TAXES TO PAY FOR THE CATASTROPHE RIGHT AWAY. WHAT ELSE WOULD YOU EXPECT WHEN YOU HAVE A LIAR, FRAUD AND ROBBER IN THE WHITE HOUSE.

Ken asks…

Will the Health Care Reform affect those with Medicaid?

I don’t really understand the semantics of it all nor do i honestly care but will this health care reform benefit those with medicaid? because our options for health care are so limited… this could help a lot of us out!

Sarah Fields answers:

If you are insured and receive coverage from Medicaid
You and your children can maintain eligibility and receive free preventive services.

Adults: States cannot cut people from Medicaid until the exchanges start operating in 2014, unless a state faces a budget shortfall. Many preventive services would be offered without cost.

Children: States cannot cut children from Medicaid or the Children’s Health Insurance Program until 2019.

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