Originally Posted by marketsmart

Please tell me what parts of the bill you do not agree with below....





Young adults (including stepchildren and adopted children) can be covered under their parents' insurance plans until the age of 26. They do not have to live with or be financially dependent on their parents to be eligible for coverage.

Health insurance companies can no longer refuse to provide coverage to children with pre-existing medical conditions.

Health insurers can no longer deny coverage when a person becomes ill.

Lifetime limits and restrictive annual limits on health insurance coverage are prohibited.

New insurance plans must provide coverage for preventative health services without co-pays.

Co-payments and deductibles for preventative care visits will be eliminated and personalized prevention plans provided under Medicare.

New plans must include an appeals process for addressing coverage determination and claims issues.

The income threshold for income-related Medicare Part B premiums is frozen at 2010 levels.

The Medicare Part D premium subsidy for those with incomes above $85,000/individual and $170,000/couple is reduced.

Health insurers are required to spend more of premium payments on health care and less on administrative costs and profits (80% in individual market plans/85% in large market plans)

Health insurance providers are required to provide justification for premium increases to the states in which they provide coverage. Failure to do so will result in their exclusion from health insurance exchanges.

A national, voluntary long-term care insurance program will be created. Individuals who pay premiums into this new plan for at least five years will then be eligible to receive daily living assistance support.

There are new limits on out-of-pocket expenses, which can not exceed $5,000 for individual coverage or $10,000 for family coverage.

Emergency services provided by in-network and out-of-network services must be covered at the same level and must not be subject to pre-authorization rules.

Seniors will receive a $250 rebate to help offset the gap in Medicare prescription drug covered, known as the "doughnut hole", between the initial limit in coverage and the point at which catastrophic coverage is available.

Several recent articles have reported that most employees can expect to pay more for the health insurance premiums beginning in 2011, due in part to the increase in insurance costs brought about by the law.

Health care reform changes affecting taxes

The penalty for nonqualified distributions from health savings plans doubles, to 20%.
Over-the-counter medications can no longer be paid for with funds from health reimbursement accounts and flexible spending accounts. In order to be covered, a prescription is required.

The tax on distributions from a health savings account or an Archer MSA that are not used for qualified medical expenses increases to 20%.

The new law mandates that employee W-2 forms include the value of health care benefits provided, regardless of whether those benefits are paid by the employee, the employer, or a both. Those benefits will not be taxed in 2011.

The maximum adoption credit increases to $13,170 per child. In addition, the credit is refundable, meaning that eligible taxpayers can get receive the credit even if they don't owe taxes for the year.







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