On September 23, 2010 certain provisions of the Healthcare Reform – The Affordability Care Act went into effect:
Adult children can stay on their parents healthcare plans until the age of 26 years old – does not apply to young adults that do have healthcare coverage through a job and at the parent’s choice.
Free preventive care – no more co pays and deductibles, co insurance payments for test such as a mammogram, colonoscopy, etc. This is for new plans started on or after September 23, 2010. It does not include plans already in effect before the law passed.
Insurance companies can no longer rescind coverage. This starts in January 2011 for most people at the beginning of their health plan year. It prevents insurance companies from searching for errors or mistakes in the application to drop or deny coverage when person gets sick.
Appealing insurance company decisions can happen in two ways: by appealing through the insurer or through an independent decision maker. Individuals are guaranteed the right to appeal insurance company decisions to an independent party. This is for new policies started on or after September 23, 2010. It does not affect those policies in effect before passing the law.
No more lifetime limits on healthcare coverage. Insurance companies cannot set lifetime limits on certain benefits, such as hospital stays. This is only for new plans established on or after September 23, 2010. It is does not affect those policies in effect before passing of the law.