Day 13: Today's Important Thing to know about Health Care Reform

Today’s thing to know is about grandfathered plans.  By now, most of you should know whether your health insurance coverage through you employer is going to continue into 2014 and what it will cover.  Plans offered by your employer are considered creditable plans but may not cover the ten standardized categories mandated by the Affordable Care Act.  The reason they don’t have to cover those items is because they are grandfathered plans or plans that were in place when the law was enacted in March of 2010.  As long as the plan is not changed, it may remain as it is.  The only thing that can change is the premium.  Now, you may also be a person who has purchased their own private health insurance.  If you haven’t already, you will be receiving from your insurance carrier a letter outlining your options to continue or change your coverage for 2014.  If you need help decide what your best option may be, contact me.