Do you know some of the major provisions that have already taken place within the Affordable Care Act? It’s pretty difficult to understand the magnitude of what exactly will change and when they will change, so here is a general timeline of what has already happened and what you should expect.
Some of the provisions have already taken effect, such as an extension for young adults to stay on their parents health plan to see how real the timeline really is.
Some Keywords:
“Cost-Sharing” refers to co-payments and deductibles that patients have to pay along with the health insurance providers.
“Preventive” Services are outlines on our site, and can be found here
Implemented in 2010
- Some insurance market changes—no cost-sharing for preventive services, dependent coverage to age 26, no lifetime caps
- Pre-existing condition insurance plan
- Small business tax credits
- Premium review
2011-2013
- No cost-sharing for preventive services in Medicare and Medicaid
- Increased payments for primary care
- Reduced payments for Medicare providers and health plans
- New delivery system models in Medicare and Medicaid
- Tax changes and new health industry fees
2014
- Medicaid expansion
- Health Insurance Exchanges
- Premium subsidies
- Insurance market rules—prohibition on denying coverage or charging more to those who are sick, standardized benefits
- Individual mandate
- Employer requirements
Be prepared for these changes in your health plan, and also check out our site for explanations on many of these titles.
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