NEW HEALTHCARE LAW
MEANS FOR YOU
Important Dates, New Security, New Choices
Dates to Know
December 15, 2013
Deadline for signing up for coverage that starts January 1, 2014
January 1, 2014
New health insurance coverage takes effect as early as January 1, 2014.
March 31, 2014
Enrollment for health insurance in 2014 closes March 31, 2014.
New Security for Millions of Americans
The healthcare law creates a new way for you and your family to get health insurance and adds financial stability for an estimated 30,000,000 currently uninsured Americans by introducing new rights and protections. Depending on your income and family size, you may qualify for help paying for insurance. If you think you can’t afford insurance on your own, find out how you may be eligible for financial assistance from the government.
New Choices, New Options
The new healthcare law – the Affordable Care Act – makes new choices available for you, your family, and your wallet. Health insurance “exchanges” (for example, the Health Insurance Marketplace run by the federal government) open October 1, 2013, with choices for individuals and families, including those who might not have had health insurance before. Health insurance you buy on the exchanges kicks in as early as January 1, 2014.
New changes include:
- If you think you can’t afford health insurance, you may be eligible for financial assistance from the government.
- If you have a pre-existing medical condition like asthma, heart disease, or cancer, you can’t be denied health insurance or charged more for it.
- If you have children, they can stay on your health insurance until they turn 26, even if they’re married or living out of your house.
- You may get help with prescription drug costs.
- If you buy your own health insurance, your health insurance company must give a rebate if it spends less than 80% of all of the premiums it collected on care and quality improvement.