Obamacare Takes Sting Out Of College Health Plans-vstart

UnCategorized There are many sections and phases of the ObamaCare (it’s really called the Affordable Care Act, but ObamaCare has a nice ring to it) roll out between now and 2015, but a few major money saving health coverage .ponents are now in place. Health Insurance For College Students In the past, many private colleges and some public universities were sticklers about health insurance coverage and they charged for the university’s student health-insurance plan automatically. In order to get a waiver from this college health plan, students riding on their parents plans had to submit an exemption form. ObamaCare legislation allows young adults to stay on a parent’s health plan until age 26. It’s the law. Health plans must allow it. This is a huge convenience for many families. If you need to shop for an individual health plan for your child you still have good options. One Form Free Quotes Multiple Carriers There are online services which conveniently link you to major insurance .panies like Aetna, AIG and Humana with one application. BetterHealthQuote.. is one example of a website to get free and fast health offers from multiple carriers. Another service for free online quotes is Cobra-Info.. which is useful if you are still paying for medical coverage through a former employer’s health plan. No Rejections Of Pre-Existing Conditions For Kids Until ObamaCare, health plans could refuse to approve anyone because of a pre-existing health condition. The new law, mandates coverage for children under age 19 regardless of any pre-existing health problem or disability that your child developed before you applied for coverage. This new rule applies to all job-related health plans as well as individual health insurance policies issued after March 23, 2010. Annual Coverage Caps Lifted The ObamaCare rules will phase out the use of annual dollar limits over the next three years until 2014 when the Affordable Care Act bans them for most plans. Already, the law calls for health plans issued or renewed be allowed to set annual limits no lower than 750,000 USD a dramatic improvement over many plans. This minimum limit will be raised to 1.25 million USD beginning September 23, 2011 (less than 4 months from now), and to 2 million USD beginning on September 23, 2012. These limits apply to all employer plans and all new individual market plans. For plans issued or renewed beginning January 1, 2014, all annual dollar limits on coverage of essential health benefits will be prohibited. About the Author: 相关的主题文章: