Health Care Reform by 2014
As we continue our Health Care Reform Timeline here are some health care reform changes to expect in the year 2014.
Requires most U.S. citizens and legal residents to obtain health insurance coverage or pay a penalty. The penalty amounts are phased-in over time. Certain low-income individuals who have no option of affordable coverage are exempt from penalties.
Employers of 50 or more workers will pay a penalty if they do not offer employees health insurance coverage.
Must administer and monitor health care insurance plans to ensure that coverage is comprehensive, efficient and easily available. Each state will have to establish health insurance Exchanges for individual and small group markets to encourage comparison shop for standardized plans
Prevention and wellness:
Allows businesses to establish rebate program of 30% to 50% of premiums to employees who participate in wellness programs and meet health-related goals.
Establishes a similar ten-state pilot program geared to individuals.
Allows certain low-income workers to apply their employer contribution and join an Exchange plan.
Increases fees and taxes on largest companies that sell or administer health insurance plans.
Implement tax credit for small business employers.
Eliminates annual limits on the amount of coverage an individual may receive during a year.
Prohibits insurers from dropping or denying coverage for those who participate in clinical trials.
Oversee Multi-State private insurance plans that are available nationwide.
If you have health care reform questions be sure to email Stephanie@bestnannynewsletter.com so I can forward your questions to our staff member with a degree in political science to answer your questions.