Showing posts with label Obamacare. Show all posts
Showing posts with label Obamacare. Show all posts

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.