Yes, it’s true – we missed posting the Weekly Round-Up last week. That doesn’t mean important things didn’t happen – we just fell a little behind. Catch up on this week’s reform news with us now.
In honor of Tax Day yesterday, this week’s first articles focus on the new taxes the PPACA contains:
- Tax Provisions of the Health Reform Legislation
From taxes on the insurance industry to nonprofit hospitals, a legal breakdown of the taxes written into the bill. Courtesy Lexology - Obamacare Will Make Every Day Feel Like April 15
A more opinionated summary of the taxes that will affect middle-class familes. Courtesy the Washington Examiner
NAIFA’s Summary – What You Need to Know About the New Health Law
NAIFA recently published a more detailed summary to help you explain to customers the provisions of the law that will go into effect his year:
- Small Business Tax Credit (Effective now)
- Retiree Reinsurance Program (Effective 6/23/10)
- Dependent Coverage Extended to Age 26 (Effective 9/23/10)
- No Lifetime Limits (Effective 9/23/10)
- No Pre-Existing Condition Exclusions for Dependent Children (Effective 9/23/10)
Temporary High-Risk Pools to Start in July
Two weeks ago, Secretary of Health and Human Services Kathleen Sebelius, made an announcement about one of the first parts of the bill to be enacted – the temporary high-risk pools. Each state was asked to opt-in to participating in the pool meant to cover individuals who are currently uninsured and have pre-existing conditions.
Thirty-five states (including Iowa, with HIP-Iowa) already have a high-risk pool to provide coverage. Unfortunately, as the bill is written, high-risk individuals already in programs like HIP-Iowa would not be able to join the federal pool (you must be uninsured for six months). To date, Georgia is the only state to reject participation in the federal high-risk pool.
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