How health care reform will roll out 2010 THE UNINSURED Receive immediate

How health care reform will roll out 2010 the

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How health care reform will roll out 2010 THE UNINSURED: Receive immediate access to coverage through high-risk pools if they are uninsured because of pre-existing conditions; children can remain on parents' plans until they are 26 INSURERS: Barred from removing coverage when a person gets sick, denying coverage to kids with pre-existing conditions and imposing lifetime coverage caps EMPLOYERS: Small businesses can receive tax credits to purchase insurance for employees MEDICARE PRESCRIPTION-DRUG BENEFICIARIES: Receive a $250 rebate when they hit the "doughnut hole" gap in drug coverage (currently, when enrollees pass $2,700 in costs, they lose coverage until they reach $6,154) 2011 INSURERS: Required to spend at least 80% of premiums on medical services MEDICARE PRESCRIPTION-DRUG BENEFICIARIES: Receive a 50% discount on brand-name drugs while in the doughnut hole 2013 TAXPAYERS: Medicare payroll taxes increase and expand to include unearned income for individuals making more than $200,000 and families earning more than $250,000 2014
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P a g e | 15 THE UNINSURED: Most Americans are required to get covered or pay a penalty; families can receive subsidies to buy insurance if they earn up to four times the federal poverty level (currently about $88,000 a year); individuals and small businesses can buy packages through state exchanges INSURERS: Prohibited from refusing to sell policies and limited in their ability to set prices on the basis of health status EMPLOYERS: Businesses with 50 or more employees must provide coverage or pay a penalty 2018 TAXPAYERS: High-cost employer-provided policies ($27,500 for family or $10,200 for single coverage) are subject to a 40% excise tax 2020 MEDICARE PRESCRIPTION-DRUG BENEFICIARIES: The prescription-drug coverage gap is eliminated
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  • PatriciaRiley

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