Posts Tagged ‘health care reform’

Health Care Reform – where it is headed?

Monday, May 17th, 2010

We are now well into the first year following the passing of the health care reform bill. However, we still are not completely sure of what the changes are going to be, and how it will affect all of us. While some portions of the bill are clear cut, such as extending coverage to overage dependents, many of the larger concepts remain to be fully explained. How are small and large businesses going to be able to afford coverage for their employees? How will the tax breaks help or hurt? How can coverage for all Americans remain affordable?

We have yet to see where this will take us, but we are going to do our best to keep up with each passing moment in the world of health care reform, and pass on the information to you. It will be a lengthy learning process, but we are jumping in headfirst to the plethora of information out there. It is our ultimate goal to get the answers you need!

Insurers to Offer Overage Dependents Coverage Earlier Than Anticipated

Tuesday, May 4th, 2010

As planned during six months following the signing of the health care reform bill, coverage will be extended for dependents up to the age of 26. This will allow parents to continue to offer health insurance coverage to their dependent children, even if those children do not live in the same household. This also holds true for young adults under 26 living out of state, and those that are married. Basically, unless they are offered employer sponsored health insurance, they can continue to remain on their parent’s coverage.  

The deadline to implement this extension of coverage is September 23rd, 2010. However, numerous insurance carriers have decided to offer the coverage much sooner than that. CIGNA, Humana, United Healthcare, and Kaiser are a few that are increasing the dependent age limit as soon as June 1st. You can check with your carrier, or with us, to determine how your eligible dependents maintain coverage on your current plan. Regardless of whether a plan decides to implement this change ahead of schedule, health care reform will ultimately bring changes to all plans.

The Balance Between Age and Health Insurance Coverage

Thursday, April 8th, 2010

Recent polls show an interesting correlation between age and health insurance coverage. Though many other factors, such as income, also play a major role in who obtains coverage, and who chooses to go without does depend greatly on the age group of that individual. According to a newly released
Gallup Poll:  
• 84% of 18 year old children have coverage  
• Once these individuals reach the age of 22, the percentage drops to 66%. Currently, as these older dependants reach this age, or graduate college, they no longer qualify to be covered under their parent’s coverage (note – with the implementation of health care reform, these numbers will be expected to drop as the eligible dependant age is extended to 26)  
• This number rises only slightly through the remaining years, until Medicare age is reached. At this point, 95% of American’s are covered  
These statistics are startling, as more and more young adults find it next to impossible to find a job with benefits, or feel that they are too healthy to need the burden of monthly premiums. These individuals risk financial ruin for themselves, and their families. Therefore, obtaining some sort of coverage, even if it is hospitalization only coverage, remains a vital priority.  
These numbers also play an important role in the passing and implementation of the health care reform bill. Opponents state that even though coverage will be extended to all Americans, the cost will rise as much as 17% for younger individuals, while dropping slightly the cost for older Americans. Proponents find that the number of currently uninsured younger (healthier) clients is the reason that premium pricing is so skewed. By increasing the number of healthy individuals in the pool, the overall “risk” for everyone will be reduced.

The First Year for Health Care Reform – Step One

Thursday, March 25th, 2010

Though some fine tuning will be taking place, the plan for implementing the Health Care Reform Bill during the first year will (most likely) look something like this:

  • Dependent children will be eligible to stay covered under their parent’s plan until their 26th birthday. The House is still pushing to make this coverage last through their 26th birthday.
  • Insurers can no longer impose exclusions on pre-existing conditions in children. Children are considered exempt from this until their 19th birthday 
  • Lifetime maximums on benefits and annual limits on coverage will be discontinued 
  • A “high risk pool” will be created for people who cannot otherwise obtain individual coverage due to pre-existing conditions 
  • Seniors will receive a $250 rebate for help them cover the costs of their medication while in the “doughnut hole” (between $2700.00 and $6154.00) 
  • The implementation of covered preventative care services requiring no co pays

Though the final outcome is still yet to be known, these are some of the highlights of the plan of action for health care reform in 2010. Though changes will be made, and battles will be fought, we can expect some of these changes to take shape in less than 6 months from now. From then on? No one knows for sure. We do know, however, that every American will be watching and waiting to see what happens next.

Public Views on Health Care Reform

Tuesday, March 2nd, 2010

  A recent poll shows that 57% of Americans do not like any of the proposed health care bills, and agree that Congress should start fresh, rather than attempting to piecemeal a model from scrapped ideas. Trying to reach a bipartisan agreement as to what needs to be done is not an easy task, but it is vital to ensure that resolution is achieved.   These polls shows interesting trend among voters as to how they feel now, as compared to a year ago in regards to health care reform:  

• 53% said they strongly or somewhat oppose the legislation in both House and Senate plans

• 33% stated they were more supportive of reforming the health care system now

• 24% said they were just as supportive as they were a year ago

• 38% of voters now think it is at least somewhat likely that the plan proposed by the president and congressional Democrats will become law this year

• 51% believe passage of the plan this year is unlikely

• 24% of voters now say health care reform is the budget priority the president is most likely to achieve  

Regardless of where this leads us, we will be there to guide you through and answer any questions you have.  

Thanks for your continued support!


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