With all the political posturing and angry rhetoric, it might be a good idea to really look at the benefits Utahns will receive during the first year of health care reform. The bulk of the new law won’t come in to play until 2014, but here’s some of what you can expect this year:
- New plans must pay for preventative care without a co-payment, and all plans will meet this requirement by 2018.
- Your plan cannot be canceled if become ill, and there are no lifetime caps on coverage.
- Small business with less than 50 employees will get a tax credit covering 35% of the cost of health care premiums, and it will go to 50% by 2014.
- Seniors get $250 to help fill the “donut hole” gap in covering medications not handled by Medicare.
- Young adults can stay on their parent’s insurance until they turn 26.
- Children with pre-existing conditions must be covered by insurers, and adults will be covered by high-risk pools until state marketplaces and exchanges are up and running.
- New plans must have an appeals process if you are denied coverage or a claim is refused.
- A program for early retirees will help businesses pay for coverage until Medicare kicks in at age 65.
- People who use tanning salons will pay a 10% tax starting July 1st because of the health risk.
- Parents who adopt after January 2010 will get a refundable tax break and an additional tax break of $1,000, for a total of $13,170.
Will the pending lawsuit and potential lawsuits being filed by Utah Attorney General Mark Shurtleff of any legislation passed this year hurt your coverage? Watch for more information in future articles about health care reform.
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Source: Salt Lake Tribune