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Health Law Limits Premiums for Young Adults

Health law
Health:  WASHINGTON—Insurers and employers will not be able to charge higher rates for young adults who stay on their parents' insurance plans than they charge for younger children, according to federal rules released Monday. The rate restriction is part of a slate of rules from the Health and Human Services Department on one of the most popular provisions in the recently enacted health overhaul law: Young adults can remain on their parent's insurance plans until they turn 26 years old. The provision doesn't officially take effect until September but more than 65 insurers including Aetna Inc.,...

InsuranceGuru on May 10, 2010 0

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Key Provisions of Health Reform that Take Effect Immediately

Health Reform
Insurance Insider:  1) Small Business Tax Credits Offers tax credits to small businesses to make employee coverage more affordable.  Tax credits of up to 35 percent of premiums will be available to firms that choose to offer coverage.  Effective beginning calendar year 2010. (Beginning in 2014, the small business tax credits will cover 50 percent of premiums.) 2) No Discrimination Against Children with Pre-Existing Conditions Prohibits new health plans in all markets plus grandfathered group health plans from denying coverage to children with pre‐existing conditions.  Effe...

InsuranceGuru on May 5, 2010 0

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House Approves Health Legislation

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Insurance Insider:  ByRobert Pear and David M. Herszenhorn WASHINGTON — The House Committee on Education and Labor approved legislation on Friday morning to remake the nation’s health care system by a vote of 26 to 22. Three Democrats crossed party lines and voted against the bill — Jason Altmire of Pennsylvania, Jared Polis of Colorado and Dina Titus of Nevada. The vote came eight hours after the House Ways and Means Committee approved the measure, 23 to 18, with three Democrats voting no. The dissident Democrats were Ron Kind of Wisconsin, Earl Pomeroy of ...

InsuranceActs on July 17, 2009 0

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Health Care Reform

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Insurance Insider:  By Elizabeth Cohen (CNN) -- Five years from now, there's an excellent chance you won't have the same health insurance you have (or don't have) right now. That's because members of Congress are gearing up to reform the U.S. health care system, and unlike in 1993 when then-first lady Hillary Clinton tried her hand at changing the medical system, this time the important players -- doctors, insurance companies, pharmaceutical manufacturers -- seem to be on board. You hea...

InsuranceActs on June 30, 2009 0

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