The country is changing rapidly, and plenty of new laws are being introduced every year. One of the most controversial changes so far has been the affordable health care act. What is affordable care act? How does it affect the average person? First of all, this is an act that is intended to provide low cost health care to the average American. in addition to that it will help to protect those who DO have insurance.
One way this will help you is to defend you against immediate cancellation if you happen to get sick. Many insurance companies will see you as a risk if you contract a disease or an injury, and they can use loopholes in their contracts to ensure they are not the ones paying for your treatment no matter how long you have held a policy with them. The new affordable care act will help to close these loopholes and ensure that everyone gets the healthcare they need, no matter what type of condition they have or might develop.
In an amazing turn of events, insurance companies are now required to accept children with pre-existing conditions and adults who have been denied coverage because of a pre-existing condition may now obtain coverage.
Though full coverage will truly go into effect until 2014, you can expect some parts of the law to help you right now. First of all, young adults will now be able to stay on their parent’s health plan up to age 26, which is perfect considering the current state of the economy. In addition to that, some small businesses with fewer than 25 employees will be able to seek help with paying for health insurance.
With new healthcare plans, preventive and screening services like mammograms and colonoscopies will be offered to the patient at no cost, and insurance companies will be required to spend at least 80% of your premium fees on your healthcare.
When the law is fully in effect in 2014, insurance companies will no longer be able to deny anyone coverage for a pre-existing condition, and health insurance will be guaranteed for almost all Americans. On the downside, Americans will be required to buy health insurance but they may receive help paying for it if they are in a bad financial situation. There are more factors at play, but the bottom line is that the Affordable Care Act will make healthcare a possibility for everyone in America.