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How will health care reform affect insurance?

Updated: 8/20/2019
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10y ago

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The health care reform will have many affects on health insurance. Here are some of the key changes:

-The idividual mandate requires that almost all americans sign up for a health insurance plan in 2014.

-Insurance companies are no longer allowed to base plan rates on pre-existing conditions. Premium rates are allowed to be based on age, tobacco use, family size, and geogrphy only.

-All insurance plans must cover a set of essential health benefits.

-Insurance companies must guarantee renewability

-Insurers are required to maintain a single state-wide risk pool for both individuals and small businesses

-All premium rate increases must be reported

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