Medical Insurance Premium Increases Under New Healthcare Law « Health Insurance Advisory

Welcome to the New Healthcare Law Center and State News

new healthcare reform lawThe new healthcare law, called the Patient Protection and Affordable Care Act (PPACA), represents comprehensive healthcare reform legislation signed into law on March 23, 2010. It contains numerous provisions designed to protect consumers and promote low cost medical insurance, including many new taxes to pay for the cost.

In this section of the site, you can also obtain the following information specific to your state: available medical insurance options, efforts to regulate medical insurance premiums, healthcare, the individual medical insurance marketplace and the new healthcare law.

Our objective is to help Americans make sense of the new healthcare law by explaining key provisions in plain English and assisting individuals, families and the self-employed in using this information to find and secure affordable medical insurance.

Medical Insurance Premium Increases Under New Healthcare Law

Author: Pete S - Sr. Staff Writer | Oct 31 2010 | Premium Increases - New Healthcare Law

If you have an individual medical insurance plan, self employed medical insurance or employer sponsored group health insurance plan, you will likely be paying more according to the Oxford Press of Ohio.   Their report concluded that premiums for medical insurance coverage will increase for everyone as a result of more provisions of the new federal healthcare law going into effect September 23, 2010.

“Medical insurance premiums are projected to increase as much as 5 percent,” said Kelly McGivern, president and chief executive officer of the Ohio Association of Health Plans. The changes in the healthcare law are part of the Patient Protection and Affordable Care Act passed by Congress March 23, 2010.

“These are major changes,” McGivern said.  The new healthcare provisions that apply to major medical insurance plans renewed or purchased after Thursday, September 23, 2010, include:

  • Extending coverage for dependents up to 26 years of age.  Until now, only children less than age 19, or if a full-time student through 23 years of age could be covered by their parents’ or guardians’ medical insurance.
  • No annual maximums or lifetime dollar limits on covered healthcare services.
  • No denying coverage to children under 19 years of age for pre-existing conditions.
  • Coverage for all preventative services with no co-payments.

These changes in turn increase the premiums for major medical insurance because anytime you add benefits premiums must increase to cover the costs,” McGivern aid.

Are you paying too much for medical insurance?  Visit our site today for fast and free, online medical insurance quotes.  It is easy to find low cost medical insurance and inexpensive dental insurance.

Health Insurance Advisory Tell your friends

Inexpensive Health InsuranceAffordable Medical InsuranceLow Cost Medical InsuranceIndividual Medical Health Insurance |

Online Health Insurance QuotesIndividual Dental Insurance Plans

Denver WordPress Design