Good Neighbor Insurance (www.gninsurance.com and www.gnazhealth.com) is continuing to update our clients on the new health insurance laws. There are six major coverage options for those in the US and even though some of the rules and regulations are similar for all many differences are there and it all depends on how old you are and for whom you work. Many critical details of this new insurance law will be clarified in the months and years to come.
These six major coverage options are:
(1) Individual or family coverage
(2) Employee/employer group option for small businesses (typically under 50 employees)
(3) Employee/employer group option for large businesses (typically larger than 50 employees)
(4) Exchange options through the state you are residing in (fully integrated 1-1-2014 and are quasi-government and private insurance coverage combined)
(5) Medicare (which include Parts A, B, C, and D) for those 65 years onwards
(6) Full government health plans like Medicaid, CHIP, TRICARE, VA and other coverage plans as may be designated by the Department of Health and Human Services based mostly on financial criteria and/or military service.
Note: Updated 10-20-2010
The implementation timeline reflects the provisions of the Patient Protection and Affordable Care Act, which President Obama signed on March 23, 2010, as well as provisions in the Health Care & Education Reconciliation Act, which was signed on March 30, 2010. The following timeline provides implementation dates for key provisions in the law.
2010 |
Insurance Reforms |
|
Medicare |
|
Medicaid |
|
Prescription Drugs |
|
Quality Improvement |
|
Workforce |
|
Tax Changes |
|
2011 |
Long-term Care |
|
Medical Malpractice |
|
Prevention/Wellness |
|
Medicare |
|
Medicaid |
|
Quality Improvement |
|
Workforce |
|
Tax Changes |
|
2012 |
Medicare |
|
Medicaid |
|
Quality Improvement |
|
2013 |
Insurance Reforms |
|
Prevention/Wellness |
|
Medicare |
|
Medicaid |
|
Quality Improvement |
|
Tax Changes |
|
2014 |
Individual and Employer Requirements |
|
Insurance Reforms |
|
Premium Subsidies |
|
Medicare |
|
Medicaid |
|
Prevention/Wellness |
|
Tax Changes |
|
2015 and later |
Insurance Reforms |
|
Medicare |
|
Tax Changes |
|
Doug Gulleson totally adores scuba diving and travels overseas throughout the year with his underwater camera in one hand and a cup of coffee in the other. Visit Good Neighbor Insurance at www.gninsurance.com / www.gnhealthplan.com/ and www.onlineglobalhealthinsurance.com/trip-cancellation/ for Arizona and international travel insurance coverage.