red states rule
06-12-2010, 10:19 AM
Once again, Pelosi has been proven right. Obamacare did need to be passed so we would find out what was in the bill
On Page 14 of the document clearly states you will not be alowed to buy your own private insurance
Any policies sold in the group and individual health insurance markets to new entities or individuals after March 23, 2010 will not be grandfathered health plans even if the health insurance products sold to those subscribers were offered in the group or individual market before March 23, 2010.
To maintain status as a grandfathered health plan, a plan or health insurance coverage must include a statement, in any plan materials provided to participants or beneficiaries (in the individual market, primary subscribers) describing the benefits provided under the plan or health insurance coverage, that the plan or health insurance coverage believes it is a grandfathered health plan within the meaning of section 1251 of the Affordable Care Act and providing contact information for questions and complaints. Model language is provided in these interim final regulations that can be used to satisfy this disclosure requirement.
http://www.posey.house.gov/UploadedFiles/HealthCareReformDraftRegulations-June-2010.pdf
and
Therefore, effective March 23:
•Individuals seeking new or alternative coverage can only buy policies that "comply with Affordable Care Act provisions from which grandfathered health plans are exempted."
•Groups seeking new or alternative coverage (obviously including new groups) are in the same boat.
•As shown earlier this morning, any changes beyond trivial to existing group or individual policies will cause those policies to lose their grandfathered status, forcing those plans to "comply with Affordable Care Act provisions."
Thus, those looking to purchase new policies or who make even minor changes to existing policies that lead to de-grandfathering will have three choices:
•ObamaCare's specified minimum coverage levels, which are far higher and far more expensive than typical private plans.
•Coverage that is more generous and therefore even more expensive than ObamaCare's specified minimum -- but not too generous. As commenter Gary Hall at the previous NewsBusters post noted, if one has coverage that is considered overly generous, it will run the risk of being considered a "Cadillac" plan subject to a 60% excise tax. By 2018, when that tax takes effect, the distance between ObamaCare's high-threshold minimum coverage and where the "Cadillac tax" kicks in may not be very great. A majority of large-employer plans and plans at many small professional enterprises may end up being subject to the tax.
•Paying the individual penalty for either not buying insurance (for individuals) or not covering employees (for employers).
http://newsbusters.org/blogs/tom-blumer/2010/06/12/treasury-draft-docs-vindicate-ibds-2009-individual-private-medical-insur
On Page 14 of the document clearly states you will not be alowed to buy your own private insurance
Any policies sold in the group and individual health insurance markets to new entities or individuals after March 23, 2010 will not be grandfathered health plans even if the health insurance products sold to those subscribers were offered in the group or individual market before March 23, 2010.
To maintain status as a grandfathered health plan, a plan or health insurance coverage must include a statement, in any plan materials provided to participants or beneficiaries (in the individual market, primary subscribers) describing the benefits provided under the plan or health insurance coverage, that the plan or health insurance coverage believes it is a grandfathered health plan within the meaning of section 1251 of the Affordable Care Act and providing contact information for questions and complaints. Model language is provided in these interim final regulations that can be used to satisfy this disclosure requirement.
http://www.posey.house.gov/UploadedFiles/HealthCareReformDraftRegulations-June-2010.pdf
and
Therefore, effective March 23:
•Individuals seeking new or alternative coverage can only buy policies that "comply with Affordable Care Act provisions from which grandfathered health plans are exempted."
•Groups seeking new or alternative coverage (obviously including new groups) are in the same boat.
•As shown earlier this morning, any changes beyond trivial to existing group or individual policies will cause those policies to lose their grandfathered status, forcing those plans to "comply with Affordable Care Act provisions."
Thus, those looking to purchase new policies or who make even minor changes to existing policies that lead to de-grandfathering will have three choices:
•ObamaCare's specified minimum coverage levels, which are far higher and far more expensive than typical private plans.
•Coverage that is more generous and therefore even more expensive than ObamaCare's specified minimum -- but not too generous. As commenter Gary Hall at the previous NewsBusters post noted, if one has coverage that is considered overly generous, it will run the risk of being considered a "Cadillac" plan subject to a 60% excise tax. By 2018, when that tax takes effect, the distance between ObamaCare's high-threshold minimum coverage and where the "Cadillac tax" kicks in may not be very great. A majority of large-employer plans and plans at many small professional enterprises may end up being subject to the tax.
•Paying the individual penalty for either not buying insurance (for individuals) or not covering employees (for employers).
http://newsbusters.org/blogs/tom-blumer/2010/06/12/treasury-draft-docs-vindicate-ibds-2009-individual-private-medical-insur