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Obamacare Facts
101
When does obamacare start ? When do I have to purchase health insurance under obamacare? Although Healthcare Reform has been in effect for the last two years, But the law will go fully in effect  January 1st 2014 when millions of uninsured will be able to obtain coverage through the newly created Health Benefit Exchanges or Healthcare coverage state markets. For those that are still unsure of when does obamacare start, it’s important to note that some noteworthy timeframes and it shows when does obamacare start?
Obamacare Facts 101 When does obamacare Start

When Does Obamacare Start

Affordable Care Act Timeline  | When does Obamacare Start ? 2010 Jan 1st Providing Small Business Health Insurance Tax Credits Effective Jan. 1, 2010 Up to 4 million small businesses are eligible for tax credits to help them provide insurance benefits to their workers. The first phase of this provision provides a credit worth up to 35% of the employer’s contribution to the employees’ health insurance. Small non-profit organizations may receive up to a 25% credit. March 23rd The Affordable Care Act Becomes Law March 23, 2010 On March 23, 2010, President Obama signed the Affordable Care Act. The law puts in place comprehensive health insurance reforms that will roll out over four years and beyond. Coming in 2013: The Health Insurance Marketplace Individuals and small businesses can buy affordable and qualified health benefit plans in this new transparent and competitive insurance marketplace. Coming in 2014: Tax Credits for Families Tax credits to help the middle class afford insurance will become available for those with income between 100% and 400% of the poverty line who are not eligible for other affordable coverage. April: Allowing States to Cover More People on Medicaid Effective April 1, 2010 States will be able to receive federal matching funds for covering some additional low-income individuals and families under Medicaid for whom federal funds were not previously available. This will make it easier for states that choose to do so to cover more of their residents. June Expanding Coverage for Early Retirees Applications for employers to participate in the program available June 1, 2010. Too often, Americans who retire without employer-sponsored insurance and before they are eligible for Medicare see their life savings disappear because of high rates in the individual market. To preserve employer coverage for early retirees until more affordable coverage is available through the new Exchanges by 2014, the new law creates a $5 billion program to provide needed financial help for employment-based plans to continue to provide valuable coverage to people who retire between the ages of 55 and 65, as well as their spouses and dependents. Learn more about the Early Retiree Reinsurance Program. July Providing Access to Insurance for Uninsured Americans with Pre- Existing Conditions National program established July 1, 2010 A Pre-Existing Condition Insurance Plan (PCIP) provides new coverage options to individuals who have been uninsured for at least six months because of a pre-existing condition. States have the option of running this new program in their state. If a state has chosen not to do so, a plan has been established by the Department of Health and Human Services in that state. This program serves as a bridge to 2014, when all discrimination against pre-existing conditions will be prohibited. September Extending Coverage for Young Adults Effective for health plan years beginning on or after September 23, 2010 Under the new law, young adults are allowed to stay on their parent’s plan until they turn 26 years old. (In the case of existing group health plans, this right does not apply if the young adult is offered insurance at work.) Check with your insurance company or employer to see if you qualify. Providing Free Preventive Care Effective for health plan years beginning on or after September 23, 2010 All new plans must cover certain preventive services such as mammograms and colonoscopies without charging a deductible, co-pay or coinsurance. Prohibiting Insurance Companies from Rescinding Coverage Effective for health plan years beginning on or after September 23, 2010 In the past, insurance companies could search for an error, or other technical mistake, on a customer’s application and use this error to deny payment for services when he or she got sick. The new law makes this illegal. After media reports cited incidents of breast cancer patients losing coverage, insurance companies agreed to end this practice immediately. Appealing Insurance Company Decisions Effective for new plans beginning on or after September 23, 2010 The law provides consumers with a way to appeal coverage determinations or claims to their insurance company, and establishes an external review process. Eliminating Lifetime Limits on Insurance Coverage Effective for health plan years beginning on or after September 23, 2010 Under the new law, insurance companies are prohibited from imposing lifetime dollar limits on essential benefits, like hospital stays. Regulating Annual Limits on Insurance Coverage Effective for health plan years beginning on or after September 23, 2010 Under the new law, insurance companies’ use of annual dollar limits on the amount of insurance coverage a patient may receive is restricted for new plans in the individual market and all group plans. In 2014, the use of annual dollar limits on essential benefits like hospital stays will be banned for new plans in the individual market and all group plans. Prohibiting Denying Coverage of Children Based on Pre-Existing Conditions Effective for health plan years beginning on or after September 23, 2010 for new plans and existing group plans The new law includes new rules to prevent insurance companies from denying coverage to children under the age of 19 due to a pre-existing condition.

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