One thing about health care reform is that it may create some confusion for many individuals and come next year, there will be a whole new world as far as health insurance is concerned. Here are 10 things that will happen in 2014 under the affordable care act that may help you understand health care reform a bit better.
- People under age 30 or those exempt from the individual mandate, may qualify for a “catastrophic” health plan, which offers preventive health services.
- Annual dollar limits on benefits are no longer allowed.
- Low- and middle-income families may qualify for federal subsidies to help pay for their health insurance premiums.
- The Insurance Marketplace (formerly known as the Exchange) will offer four levels of health insurance plans (called “metal” plans because their names are Bronze, Silver, Gold and Platinum). They will offer the same benefits, with different out-of-pocket costs and premiums.
- Financial assistance may also be available to help qualifying individual’s pay for out-of-pocket health care costs.
- Individuals enrolled in a health plan that took effect before March 23, 2010 may be able to keep their plan, even if it has fewer benefits than the Affordable Care Act requires (called “grandfathering”).
- Health plans can no longer refuse to provide coverage to you because of your health history.
- Special provisions apply for Native Americans and Alaskan Natives to help provide health insurance.
- You cannot be turned down for coverage for any new health plan sold in 2014 or later.
- Health benefits include dental and vision care for children under 19.
If you still have confusion, there’s not need to worry as Florida Blue has places you can go to get your questions answered. Call us at 1-800-633-6808 or call your local agent. You can also visit a Florida Blue Center or go online at FloridaBlue.com.
This information is for illustrative purposes only and is being provided to help increase understanding of the impacts of some of the provisions of the Affordable Care Act (ACA). It does not attempt to cover all of the law’s provisions and is not intended as tax or legal advice.