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Health Care and Health Insurance Reform Effective Dates

first aid kitNow that health reform is a done deal, there will be lots of questions about what will happen and how soon.

The Washington Post was kind enough to provide a nice list of effective dates of specific reform provisions.

Here is what’s to come:

90 days after signed into law… Every American with pre-existing health conditions can purchase coverage in high-risk pools.

6 months after signed into law… Health insurance companies banned from denying coverage when policyholders get sick, children cannot be denied coverage, lifetime coverage limits banned, and children can stay on their parents’ plan until age 26.

Within one year… Seniors who have run out of initial benefits on their Medicare prescription drug plans get a $250 rebate.

By 2011… Insurance companies required to spend at least 80 percent of collected premiums on medical care.

By 2013… Medicare payroll tax increased for Americans earning more than $200,000 per year.

By 2014… Employer and individual mandate effective, government subsidies to help families earning up to 400 percent of the federal poverty level become available.

By 2018… Tax increase on generous “Cadillac ” health plans effective.

Politics and Legislation