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Digital News Report – Many provisions of the Patient Protection and Affordable Care Act are being enacted today, Thursday, September 23, 2010.
Here are some of the provisions taking effect today:
1) Children will be able to stay on their parents’ insurance plan until they turn 26 years old as long as they reside in the home or are a student.
2) Insurance companies can not exclude children under the age of 19 because of a pre-existing condition.
3) Annual spending caps will be restricted. These caps should be eliminated by 2014.
4) Insurance companies can not drop people because they become sick.
5) Tanning salons must pay a 10 percent tax.
By January 1st 2011:
1) Employers will provide employees the value of their benefits on their W-2 forms.
2) Insurance companies will be required to spend at least 80 percent to the premiums on health care.
The bill, which was signed by president Obama on March 23 of this year, is being challenged by states, companies and even a new GOP contract with America.
By: Mark Williams
I think Insurance Reform has been the long awaited plan most Americans have been waiting on.
Having a sixteen(16) and twelve(12)year old, my 16 year old having asthma, it is a burden lifted in knowing I can continue to provide health care coverage for my children until the age of twenty-six(26).
You have misstated the Age 26 facts. Children can stay on the plans until 26th birthday, regardless of student status, residency and even marital status!