Sunday, May 15, 2011

condition Care Reform - Changes to Your condition Care as of September 23, 2010, Part 1

September 23, 2010 - another leading date for condition Care Reform. condition Care Reform is the newest media buzz, but it is still such a mystery for so many people. It is hard to understand what changes take place and when. And, it doesn't help that there are so many misconceptions floating around. So, let me explain the changes being made by condition Care Reform as of September 23, 2010.

Changes Already In Place

Health Care Reforms

0 Medicare Drug Cost Rebate In June, 2010, checks started being mailed out to an estimated 4 million senior citizens that have reached the "donut hole". The "donut hole" is the gap in Medicare prescribe drug coverage many seniors face when they hit a obvious age. Checks will continue to be mailed out monthly throughout 2010 as seniors hit the coverage gap. Small company Tax due The first phase of this provision provides a credit worth up to 35% of the employer's contribution to the employee's condition insurance, and up to 25% for small non-profit organizations. Up to 4 million small businesses are eligible for these tax credits. It is designed to help them provide insurance benefits to their workers. Expanding Coverage for Early Retirees On June 1, 2010, applications for employers to participate in this program became available. Americans that retire before they are eligible for Medicare and are without employer-sponsored insurance, are forced to pay high rates in the private market. They watch their life savings dwindle away. To help sustain boss coverage for early retirees until more affordable coverage becomes ready straight through the new Exchanges by 2014, the Affordable Care Act has created a billion program to provide coverage to people who retire early, as well as their spouses and dependents. Early relinquishment is classified for these purposes as those that retire between the ages of 55 and 65. Get more information on the Early Retiree Reinsurance Program. Pre-Existing condition insurance Plans On July 1, 2010, the Pre-Existing condition insurance Plan was created to provide new coverage options to individuals who have been uninsured for at least 6 months because of a pre-existing condition. Each state had the selection to run this new program in their state or have the group of condition and Human Services create a plan in that state. Allowing States to Cover More people on Medicaid productive April 1, 2010, states are able to receive federal matching funds to cover some additional low-income individuals and families under Medicaid whom federal funds were not previously available. For states that select to cover more of their residents, this will make it easier to do so. On January 1, 2014, the rest of this provision will go into place where it becomes mandatory that states provide Medicaid to additional residents who wouldn't normally qualify. Cracking Down on condition Care Fraud Just while fiscal year 2009, .5 billion has been returned to the Medicare Trust Fund as a effect of efforts to fight fraud. The Affordable Care Act invests new resources and requires new screening procedures for condition care providers to boost these fraud-fighting efforts and reduce fraud and waste in Medicare, Medicaid and Chip. Putting information for Consumers Online An easy-to-use website,, where consumers can assess condition insurance coverage options and pick the coverage that works for them became mandated on July 1, 2010.

condition Care Reform - Changes to Your condition Care as of September 23, 2010, Part 1

As you can see, we have already had several leading aspects of the condition Care Reform put in place. Some of these provisions are phase 1 of a program that spans over 4 years to complete. The most leading thing to remember is that currently, there is not a guaranteed issue plan or an replacement in which you can buy affordable insurance. Those changes don't come into effect until 2014. Try to find a condition care plan that you can afford. To get several quotes where you can assess plans and prices for one that fits your needs and budget, taste an insurance group that handles manifold insurance carriers.

condition Care Reform - Changes to Your condition Care as of September 23, 2010, Part 1

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