Health Care Reform, 2010.

Do you know what takes place first and when the bulk of the changes are to take place?

First:

• Insurance Companies will be prohibited from placing lifetime caps on the amount of money that can be eventually paid out on their polices.
• Insurance Companies will be prohibited from pulling your coverage unless in the case of fraud or intentional misrepresentation.
• Children will not be excluded from health insurance coverage due to pre-existing conditions. Plus, they can stay on their parent’s policy up to age 26.
• Small business that offer health insurance coverage to their employees will be eligible for tax credits up to 50% of the premium costs
• Seniors who fall into the coverage gap or “doughnut hole” in the middle of a Medicare Part D Prescription Plan will get $250.00 to help pay their bills.
• People with pre-existing health conditions will be able to enroll in a new, but temporary, national high risk insurance plan. (Oregon has had this in place for years and it is referred to as Oregon Medical Insurance Poll…OMIP and here is the link in case you are interested, http://www.oregon.gov/OPHP/OMIP/apply_omip.shtml

What I have not seen or heard is what the processes are for these change , with the exception of the last one. As I receive information I will update this blog.

The bulk of the changes are schedule to take place in 2014.

In my opinion, I base this on all the emotions that this has generated, I see several debates, perhaps adjustments to the plan in the up coming months and years