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Thursday, August 1, 2013

Top 10 Things You Need to Know about Healthcare Reform

Are you (or someone you know) worried about how the upcoming Healthcare Reform will affect you?  I am!
 
Many people, especially entrepreneurs and those are that currently uninsured, are concerned about the upcoming Healthcare Reform. So to simplify the new requirements, Sherri Kindlmann of Inshpere Insurance Solutions gives 10 quick Tips about what you need to know about Healthcare Reform.
 
Tip 1:  Children may remain on their parent’s insurance policy up to age 26.
 
Tip 2:  2014 health plans cannot impose pre-existing condition exclusions.  
                       
Tip 3:  Annual limits on essential health benefits are prohibited.
 
Tip 4:  Premiums cannot be based on health status, claims experience, or gender.
 
Tip 5:  Insurers must accept everyone who applies for coverage during the 2014 ACA enrollment period.
 
Tip 6:  All private health insurance plans offered in the Marketplace will offer the same set of essential health benefits which include  emergency services, maternity and newborn care, mental health; prescription drugs, laboratory services, preventive and wellness services, Rehabilitative and habilitative services and devices, and pediatric services.
 
Tip 7:  Individuals must have health insurance coverage in 2014 or may have to pay a penalty.
 
Tip 8:  Private health insurance can be purchased on state-based insurance exchanges administered by a governmental agency or non-profit organization.
 
Tip 9:  Open enrollment begins on the Health Insurance Marketplace in October 2013 for coverage beginning January 1, 2014.  The initial open enrollment period ends in March 2014.
 
Tip 10:  Middle-income people under age 65, who are not eligible for coverage through their employer, Medicaid, or Medicare, can apply for tax credit subsidies available through state-based exchanges. 
 
For more information about the Healthcare Reform, contact your local insurance agent or go to http://www.insphereis.com/skindlmann.

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Contributing author, Sherri Kindlmann, is a licensed insurance agent in the state of Georgia, representing Insphere Insurance Solutions.  For questions and complimentary health insurance consultation, contact Sherri at skindlmann@InsphereIS.com or 678-226-9266. IIS001391