To: i-node who wrote (655476 ) 5/20/2012 5:48:01 AM From: puborectalis Read Replies (1) | Respond to Under President Obama’s new health care law, all new insurance plans are required to cover certain preventive services without charging a co-pay or deductible and seniors are saving hundreds of dollars on prescription drugs through Medicare. Children up to age 26 can stay on their parents' plan. The prescription coverage gap for seniors is reduced. Insurance companies cannot drop coverage for people with preexisting conditions. States are allowed to cover more people on Medicaid. And new plans can't charge for a certain preventive services like mammograms and colonoscopies. 2.5 million young adults have been allowed to remain on their parents' health insurance until age 26. All Americans who enrolled in a health care plan after Sept. 23, 2010 now enjoy access to free preventive services, including cancer and cholesterol screenings, mammograms, colonoscopies, flu and pneumonia shots, vaccinations against measles, hepatitis and meningitis, blood pressure checks and nutrition counseling. 20.5 million Medicare recipients reviewed their health status at a free Annual Wellness Visit or received other preventive services with no deductible or cost sharing this year. 1.8 million Medicare recipients received a 50 percent discount on brand-name drugs in the Medicare Part D coverage gap known as the "doughnut hole" in the first nine months of 2011. 4 million small businesses are now eligible for tax credits of up to 35 percent to help cover their employees. The credit jumps to 50 percent in 2014. Your health insurance company is now required to spend at least 80 percent of your premium (85 percent for large employer plans) directly on your care and well-being or rebate the difference to you beginning this summer. Americans with pre-existing conditions can now obtain coverage through a pre-existing condition insurance plan. Insurance companies can no longer place lifetime dollar limits on essential benefits for policies written after Sept. 23, 2010. Annual dollar limits will be prohibited beginning in 2014. Obamacare benefits everyone | Bankrate.com bankrate.com
