Friday, September 24, 2010

New PPACA Provisions, did you know???

Obamacare is up and running with some new provisions beginning now. Here are some key notes to be aware of:

-Dependents will be able to remain on their parents' health insurance plan until they are 26 years old, whether or not they are living with their parents, is a dependent for income tax purposes, is no longer a student, or is married.

-Insurers are prohibited from excluding those with 'pre-existing' conditions.

-Indoor tanning services are subject to a 10% tax.

-Insurers will no longer drop policies when clients get sick.

Will these provisions be good or bad for people? For one, expect higher premiums due to a more 'diverse, sick' risk pool.