Good News For Americans – The Health Care Reform Bill

In an age of daunting economical difficulties, health and dental insurance can be very difficult to acquire from America’s health brokers, let alone maintain, due to expensive premiums or ongoing treatment of certain medical conditions. With chronic illnesses, even the deductibles can lead to financial disaster. America’s health brokers are not to blame, for the nature of a private business is to succeed with financial gain, but the rising costs of medical expenses have made it more and more difficult to sustain an affordable premium. The Health Care Reform Bill offers a solution to health insurance plans that ease the burden for both the individual as well as America’s health brokers.

Dental Health

The Health Care Reform Bill states that by the year 2014, all Americans will be required to obtain health insurance (which includes a dental plan). With a growing number of individuals who will actually be able to receive treatment, the demand on the field will rise. In order to counter this issue, funding will be available for those within the field to further enhance their skills and education. The result will be more dentists to treat the large number of people who are in need of dental care emaemj.org . Funding will also be provided to America’s health brokers for preventative treatment, thus lowering the long-term costs of care.

Medical Health

Although America’s health brokers will have a new pool of competition, there will be some aspects of the bill that clearly favor the individual. Annual caps- Rather than having a cap on the amount of funds paid from insurance, the Health Care Reform Act proposes annual caps. Continuous care-Insurance will cover those who are ill, even if there is a loss of employment. Those who have a pre-existing condition cannot be denied an individual health plan.

Other benefits

One of the most important factors of the Health Care Reform Bill is that most US citizens will have an individual medical insurance plan. According to a survey, estimates showed that as of 2010, there were nearly 50 million individuals in the Unites States without personal health coverage. By the year 2014, nearly every US citizen will either have some form of cheap health insurance coverage (via an exchange) or employee benefits through an employer. America’s health brokers will have many avenues to diversify packages: Health insurance for small businesses, health insurance for individuals, cheap health coverage (through the exchange), group insurance plans and corporate insurance plans. The new market for health brokers will clearly be the individuals who fall between 1.3 and 4 times the poverty level (which is estimated at $22,000 for a family of four).

Planning for a new change in health care is not a simple task. There will be many adjustments of the entire structure of all aspects of medical treatment: Employers, employees, insurance companies, physicians, administrators and the entire population. America’s health brokers will have new rules to abide, but they will also acquire aid that was not present before from the government. The idea is simple: There is no bad news in the fact that all Americans will have an opportunity to afford health insurance. Working together is an old tradition that will soon become the symbol of American health care.

With the passing of the Health Care Reform Act, employers will be dealing with America’s health brokers in a different way. Many of the provisions for larger business employers (over 100 employees) will remain very similar to the status quo, but there will be a few changes that may be beneficial to the employee.

SEC. 311. HEALTH COVERAGE PARTICIPATION REQUIREMENTS

(3) CONTRIBUTION IN LIEU OF COVERAGE- Beginning with Y2, if an employee declines such offer but otherwise obtains coverage in an Exchange-participating health benefits plan (other than by reason of being covered by family coverage as a spouse or dependent of the primary insured), the employer shall make a timely contribution to the Health Insurance Exchange with respect to each such employee in accordance with section 313.

What this means is that the employee can opt to enroll in the business health insurance plan, or the employee can opt to seek a more affordable health insurance plan by seeking out a prospective deal through America’s health care brokers via the exchange. The details of the exchange have not been thoroughly set, as of now, but the direction of it is leaning towards a state to state variance where many of America’s health brokers compete to offer health plans at an affordable price.

It may be in the employee’s best interests to enroll in an employee medical insurance plan, because group health insurance will always be more affordable than individual health insurance. Another alternative would be to collaborate with a group of individuals to create an affordable group health insurance plan through the exchange.

A key point of interest for employees who work for a large company (over 100 employees), and are seeking health insurance coverage, is that their health insurance premium will automatically be covered by “not less than 72.5% of the applicable premium” {SEC. 312(1)(A)}. For spouses and children, “Not less than 65% of such applicable premium of such lowest cost plan” {SEC. 312(1)(B)}. As far as family health insurance plans go, it may be difficult to find a medical benefit plan that through the exchange that can compete.

By the year 2014, it will be required by law for every U.S. citizen to have personal health insurance coverage. Those who do not conform will be penalized for it. In order to reduce the problem with big businesses, there is a section that requires auto enrollment by employers. With the progression of smaller businesses merging with larger corporations, there is security in knowing that health insurance benefits are ideal for larger corporations. No longer will pre-existing conditions be a cause for non-enrollment or discontinuation of an existing plan.

America’s health brokers will have a much larger consumer base when the new law takes effect, which means that not only do the consumers win, but they do as well. In an era of sweeping change in the health care industry, group health plans will be beneficial to all who are involved. They will be beneficial to either a personal health plan as well as a family health plan. America’s health brokers will have a number of new avenues, but the greatest prospect will still be with larger businesses.

Leave a comment

Your email address will not be published. Required fields are marked *