With the new White House administration, a top priority is the repeal of “Obamacare”. When Obamacare was implemented a few years ago, parts of it were good and parts not as well thought out as they should have been. Regardless of political party opinion, Obamacare was a step in the right direction in helping Americans who couldn’t afford healthcare to be able to receive assistance in paying for health insurance. The group that benefited were those not receiving medical assistance already through another federal program. In the coming months it will be determined by our policy makers if Obamacare will be repealed, replaced or revised.
From the perspective of insurance customers, what happens when federal changes take place regarding your policy? In most instances, policy changes are automatically implemented and your policy is updated. Your insurance company notifies you of the changes and when they will take effect. In the case of Obamacare or whatever the new regulations may be called, there will be a period of time before those changes take place. If you are concerned about those changes and how they may affect you, watch the Cornerstone newsletter.
One of the most positive changes that occurred when Obamacare took effect was the increase in screening tests that were covered 100% for consumers. One of the “loopholes: that was implemented was leveling of premiums and making all policies contain coverage for maternity, for example, for those that could not have babies.
As your insurance representative, Cornerstone will keep you informed of changes through out the coming year.