January not only welcomes the coming year but also it the beginning of healthcare reform changes. Changes, however, aren't always welcomed as most people are uncomfortable being out of their element especially if they don't understand how those changes are going to affect them. Many times the changes aren't bad but not knowing how it effects each individual personally leaves people in an anxious state.
There will not be a major impact on employer sponsored health care coverage except that the government will not allow insurance companies to place a cap on healthcare coverage or limit your ability to receive benefits if you have pre-existing conditions. These changes are positive but will impact the amount of premium you pay.
Those who have individual health insurance policies are given the same type of benefits as those given to the employer offered healthcare plans with regards to caps and pre-existing conditions. Changes in both these areas will not be life changing and benefit the insured with a slight increase in premiums.
Medicaid would extend coverage to those who have an income less than 133 percent of the federal poverty level. One of the biggest sectors that will feel the change will be those individuals in the Medicare system as this program is scheduled to receive $500 billion in cut in the coming decade. There are concerns as to how this will affect health care coverage for the aged.
The newest and perhaps most interesting change in the health care system comes in the form of exchanges which will help to provide health insurance to those who do not receive health insurance benefits through their employer and those who work in and run small businesses. In the exchange program those who draw an income that is insufficient to pay for health care premiums will be provided with insurance premiums that are more affordable to them allowing for subsidization of health insurance premiums which would hopefully allow people in this sector to be better able to afford their health insurance coverage. Having a better overall understanding of the proposed health care plan and the changes that you can anticipate can help dispel some of the mystery and fears associated with the upcoming changes. Understanding how these proposed changes will affect your life will allow you to better prepare for your future.
There will not be a major impact on employer sponsored health care coverage except that the government will not allow insurance companies to place a cap on healthcare coverage or limit your ability to receive benefits if you have pre-existing conditions. These changes are positive but will impact the amount of premium you pay.
Those who have individual health insurance policies are given the same type of benefits as those given to the employer offered healthcare plans with regards to caps and pre-existing conditions. Changes in both these areas will not be life changing and benefit the insured with a slight increase in premiums.
Medicaid would extend coverage to those who have an income less than 133 percent of the federal poverty level. One of the biggest sectors that will feel the change will be those individuals in the Medicare system as this program is scheduled to receive $500 billion in cut in the coming decade. There are concerns as to how this will affect health care coverage for the aged.
The newest and perhaps most interesting change in the health care system comes in the form of exchanges which will help to provide health insurance to those who do not receive health insurance benefits through their employer and those who work in and run small businesses. In the exchange program those who draw an income that is insufficient to pay for health care premiums will be provided with insurance premiums that are more affordable to them allowing for subsidization of health insurance premiums which would hopefully allow people in this sector to be better able to afford their health insurance coverage. Having a better overall understanding of the proposed health care plan and the changes that you can anticipate can help dispel some of the mystery and fears associated with the upcoming changes. Understanding how these proposed changes will affect your life will allow you to better prepare for your future.
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