10 Ways Healthcare Reform will affect you

Discussion in 'Politics' started by rightwinger, Mar 27, 2010.

  1. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,520
    Thanks Received:
    19,879
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,529
    1. Your Kids are Covered

    Starting this year, if you have an adult child who cannot get health insurance from his or her employer and is to some degree dependent on you financially, your child can stay on your insurance policy until he or she is 26 years old. Currently, many insurance companies do not allow adult children to remain on their parents' plan once they reach 19 or leave school.

    2. You Can't be Dropped

    Starting this fall, your health insurance company will no longer be allowed to "drop" you (cancel your policy) if you get sick. In 2009, "rescission" was revealed to be a relatively common cost-cutting practice by several insurance companies. The practice proved to be common enough to spur several lawsuits; for example, in 2008 and 2009, California's largest insurers were made to pay out more than $19 million in fines for dropping policyholders who fell ill.

    3. You Can't be Denied Insurance


    Starting this year your child (or children) cannot be denied coverage simply because they have a pre-existing health condition. Health insurance companies will also be barred from denying adults applying for coverage if they have a pre-existing condition, but not until 2014.

    4. You Can Spend What You Need to

    Prior to the new law, health insurance companies set a maximum limit on the monetary amount of benefits that a policyholder could receive. This meant that those who developed expensive or long-lasting medical conditions could run out of coverage. Starting this year, companies will be barred from instituting caps on coverage.

    5. You Don't Have to Wait

    If you currently have pre-existing conditions that have prevented you from being able to qualify for health insurance for at least six months you will have coverage options before 2014. Starting this fall, you will be able to purchase insurance through a state-run "high-risk pool", which will cap your personal out-of-pocket expenses for healthcare. You will not be required to pay more than $5,950 of your own money for medical expenses; families will not have to pay any more than $11,900.

    6. You Must be Insured

    Under the new law starting in 2014, you will have to purchase health insurance or risk being fined. If your employer does not offer health insurance as a benefit or if you do not earn enough money to purchase a plan, you may get assistance from the government. The fines for not purchasing insurance will be levied according to a sliding scale based on income. Starting in 2014, the lowest fine would be $95 or 1% of a person's income (whichever is greater) and then increase to a high of $695 or 2.5% of an individual's taxable income by 2016. There will be a maximum cap on fines.

    7. You'll Have More Options

    Starting in 2014 (when you will be required by law to have health insurance), states will operate new insurance marketplaces - called "exchanges" - that will provide you with more options for buying an individual policy if you can't get, or afford, insurance from your workplace and you earn too much income to qualify for Medicaid. In addition, millions of low- and middle-income families (earning up to $88,200 annually) will be able to qualify for financial assistance from the federal government to purchase insurance through their state exchange.

    8. Flexible Spending Accounts Will Become Less Flexible

    Three years from now, flexible spending accounts (FSAs) will have lower contribution limits - meaning you won't be able to have as much money deducted from your paycheck pre-tax and deposited into an FSA for medical expenses as is currently allowed. The new maximum amount allowed will be $2,500. In addition, fewer expenses will qualify for FSA spending. For example, you will no longer be able to use your FSA to help defray the cost of over-the-counter drugs.

    9. If You Earn More, You'll Pay More

    Starting in 2018, if your combined family income exceeds $250,000 you are going to be taking less money home each pay period. That's because you will have more money deducted from your paycheck to go toward increased Medicare payroll taxes. In addition to higher payroll taxes you will also have to pay 3.8% tax on any unearned income, which is currently tax-exempt.

    10. Medicare May Cover More or Less of Your Expenses

    Starting this year, if Medicare is your primary form of health insurance you will no longer have to pay for preventive care such as an annual physical, screenings for treatable conditions or routine laboratory work. In addition, you will get a $250 check from the federal government to help pay for prescription drugs currently not covered as a result of the Medicare Part D "doughnut hole".

    However, if you are a high-income individual or couple (making more than $85,000 individually or $170,000 jointly), your prescription drug subsidy will be reduced. In addition, if you are one of the more than 10 million people currently enrolled in a Medicare Advantage plan you may be facing higher premiums because your insurance company's subsidy from the federal government is going to be dramatically reduced


    10-ways-the-new-healthcare-bill-may-affect-you: Personal Finance News from Yahoo! Finance
     
  2. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,520
    Thanks Received:
    19,879
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,529
    Come on Republicans...

    Run in November on Repealing Healthcare!
     
    • Thank You! Thank You! x 1
  3. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,193
    Thanks Received:
    10,175
    Trophy Points:
    2,030
    Ratings:
    +14,770
    and best of all if you're a democwat you can sit on the porch and let somebody pay your way..
     
  4. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,843
    Thanks Received:
    12,787
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,871
    You forgot:

    - Your wages may be cut or you may see very little or no income growth.

    - Your employer will most likely drop your current insurance and force you into ObamaCare.

    - You may lose your job as your company cuts expenses to cover for the additional tax burden of ObamaCare.
     
  5. bucs90
    Offline

    bucs90 Gold Member

    Joined:
    Feb 25, 2010
    Messages:
    26,548
    Thanks Received:
    5,995
    Trophy Points:
    280
    Ratings:
    +19,210
    - Companies WILL cut payroll and raises. Jobs will be lost.
    - People's taxes will go up.
    - Healthcare rationing will become severe. Supply and demand.


    This disaster is like Hurricane Katrina while it was still sitting in the Gulf.
     
  6. mudwhistle
    Online

    mudwhistle Diamond Member

    Joined:
    Jul 21, 2009
    Messages:
    65,332
    Thanks Received:
    11,939
    Trophy Points:
    2,070
    Location:
    Wetwang With Fimber, Yorkshire
    Ratings:
    +26,276
    Yeah...this is gonna work...:cuckoo:
     
    • Thank You! Thank You! x 1
  7. PatekPhilippe
    Offline

    PatekPhilippe Senior Member

    Joined:
    Jul 30, 2009
    Messages:
    8,171
    Thanks Received:
    1,200
    Trophy Points:
    48
    Location:
    Sasebo Japan
    Ratings:
    +1,200
    You forgot something rw...none of this bullshit happens until 2014...what does that mean...the Law is going to break the back of America just like it did in Britain and Canada...which this system is modeled on.

    and what kind of benefit is this....

    Sending senior citizens a $250 bribe so they vote positively in the Gallup polls.....Obama may be President...but he's only President to the 21% kooks who support him.
     
  8. sole survivor
    Offline

    sole survivor Member

    Joined:
    Jan 3, 2010
    Messages:
    57
    Thanks Received:
    5
    Trophy Points:
    6
    Ratings:
    +5
    None of that helps me. I was already helping myself.

    A few years ago my girlfriend was putting her son through college. She kept him insured until he graduated. I think he was 23 or 24.

    You bought this bag of BS goods chicken little sold ya

    enjoy
     
  9. PatekPhilippe
    Offline

    PatekPhilippe Senior Member

    Joined:
    Jul 30, 2009
    Messages:
    8,171
    Thanks Received:
    1,200
    Trophy Points:
    48
    Location:
    Sasebo Japan
    Ratings:
    +1,200
    As usual...not telling the whole story.....First off if your kid was employed by a company and was offered health insurance...BUT TURNED IT DOWN...they ARE NOT ELIGIBLE to be on their parents policy.....and magically...if their eligible kids want to be on their parents healthcare...their insurance costs just went up 400 dollars a month MINIMUM!!!...what does this number add up to? 1/3 of people in their 20's are ineligible.

    Greta fucking deal..for the DUPED!!!!
     
  10. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,843
    Thanks Received:
    12,787
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,871
    Why does it benefit society to infantalize adults by keeping them dependent upon their parent until they mid 20s?
     

Share This Page