March 21, 2010
"One under estimate Barak Obama at ones own peril….if he says he is going to do something…he will make a plan and get it done……"
This is what Eugene Robinson Pulitzer Prize columnist from the Washington Post said election night November 4, 2008, and look what President Obama has done, Healthcare Reform is now the law of the land.
What is going to happen within 90 days of health reform being signed into law, If you can’t get insurance now because of a preexisting condition, you will get some relief within 90 days of the bill being signed.
Another 90 days after that, it will be illegal for insurance companies to deny kids coverage because of their preexisting conditions. Also, children will be allowed to stay on their parents` health care plans until they are 26 years old.
Insurers will also be banned from imposing lifetime limits on health insurance benefits. Insurers will also at that point be banned from rescinding your insurance -- rescission they call it -- taking away your insurance when you file a claim.
All of this will happen within six months of President Obama signing health reform into law.
The next step, that happens as of the next calendar year, as of January 1st. At that point, if you’re on Medicare, you will qualify for free annual wellness visits.
Also at that point, insurance companies will essentially be required to spend 80 percent to 85 percent of what they take in from you in premiums on actual medical care. Imagine. If they don’t spend 80 percent to 85 percent of what you give them in terms of premiums on actual medical care, they will have to refund you the difference back.
Also, if they want to hike your rates, they’ll have to announce it. Then they’ll have to justify it. And that apparent justification will have to be reviewed. They won’t just be able to automatically unilaterally raise those rates anymore. All of that happens as of next year.
Then after that, after all of that, in 2014, it will no longer be illegal -- excuse me -- it will no longer be legal for insurance companies to deny anyone coverage based on preexisting conditions, period. So, kids with preexisting condition goes into effect very soon. It is by 2014 that it goes into effect for everyone.
The health insurance exchanges at that point for people who don’t have coverage will also be up and running by that time. And in addition to the ban on lifetime limits on benefits, which goes into effect shortly, insurers in 2014 will be banned from imposing annual benefits -- annual limits, yearly limits on your benefits.
The Duchess
-sitting on the side of the bed
"One under estimate Barak Obama at ones own peril….if he says he is going to do something…he will make a plan and get it done……"
This is what Eugene Robinson Pulitzer Prize columnist from the Washington Post said election night November 4, 2008, and look what President Obama has done, Healthcare Reform is now the law of the land.
What is going to happen within 90 days of health reform being signed into law, If you can’t get insurance now because of a preexisting condition, you will get some relief within 90 days of the bill being signed.
Another 90 days after that, it will be illegal for insurance companies to deny kids coverage because of their preexisting conditions. Also, children will be allowed to stay on their parents` health care plans until they are 26 years old.
Insurers will also be banned from imposing lifetime limits on health insurance benefits. Insurers will also at that point be banned from rescinding your insurance -- rescission they call it -- taking away your insurance when you file a claim.
All of this will happen within six months of President Obama signing health reform into law.
The next step, that happens as of the next calendar year, as of January 1st. At that point, if you’re on Medicare, you will qualify for free annual wellness visits.
Also at that point, insurance companies will essentially be required to spend 80 percent to 85 percent of what they take in from you in premiums on actual medical care. Imagine. If they don’t spend 80 percent to 85 percent of what you give them in terms of premiums on actual medical care, they will have to refund you the difference back.
Also, if they want to hike your rates, they’ll have to announce it. Then they’ll have to justify it. And that apparent justification will have to be reviewed. They won’t just be able to automatically unilaterally raise those rates anymore. All of that happens as of next year.
Then after that, after all of that, in 2014, it will no longer be illegal -- excuse me -- it will no longer be legal for insurance companies to deny anyone coverage based on preexisting conditions, period. So, kids with preexisting condition goes into effect very soon. It is by 2014 that it goes into effect for everyone.
The health insurance exchanges at that point for people who don’t have coverage will also be up and running by that time. And in addition to the ban on lifetime limits on benefits, which goes into effect shortly, insurers in 2014 will be banned from imposing annual benefits -- annual limits, yearly limits on your benefits.
The Duchess
-sitting on the side of the bed
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