The Next Wave of Health Care Reform Comes Sept. 23. Are You Ready For It?

Health Care Reform Deadlines

The bulk of change in our health care system happens in 2014, but there have been some adjustments in 2010 and the next wave will be effective September 23, 2010.

The changes are mostly additional mandates to policy provisions. While these required enhancements to health insurance policies are well-intentioned and will benefit certain people, they will generate additional claims. The net result of all additional claims expense is policy premium increases so be ready even higher rates in the immediate future, as reported by the Wall Street Journal on Sept. 8.

Let’s take a look at these next Health Care Reform elements:

Eliminating Lifetime Limits on Insurance Coverage
While the majority of current health insurance policies in New Hampshire have no lifetime maximum limitation, there are some policies available with $1-2 million limits.

Regulating Annual Limits on Insurance Coverage
Some health insurance policies in New Hampshire place annual limits on a few essential patient services such as hospital stays. This practice will be banned for both group and individual insurance policies

No Discrimination Against Children With Pre-Existing Conditions
The new law includes new rules to prevent insurance companies from denying coverage to children with pre-existing conditions.

Extending Coverage for Young Adults
Under the new law, young adults will be allowed to stay on their parents’ plan until they turn 26 years old unless they are offered insurance at work. While the provision takes effect in September, most insurance companies in New Hampshire have already implemented this new practice.

Free Preventive Care
All new plans must cover certain preventive services such as mammograms and colonoscopies without charging a deductible, co-pay or coinsurance.

Appealing Insurance Company Decisions
The law provides consumers with an easy way to appeal to their insurance company and to an outside board if the company denies coverage or a claim.

For additional information or for questions about how these changes may specifically effect you, please don’t hesitate to contact us at Affordable Health Solutions. We’re here to help.