Health Care Reform 2014 Question & Answers
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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