Take Action: NAHU’s Operation Shout
Just one month after the Patient Protection and Affordable Care Act was passed, there are more efforts in Congress that would place tighter restrictions and higher costs on the private health insurance industry.
NAHU is organizing a campaign to oppose the Health Insurance Rate Authority Act that would allow the federal government to block “unreasonable” health insurance premium increases. This action would effectively ignore treatment costs that drive premium rates.
25 Ways Health Reform Impacts Small Business
Do you have small employers asking you how the health reform bill will affect them? Although there are few details about specific provisions in the bill, here is a short video of 25 ways the new legislation will affect small businesses.
CLASS Act: How It Can Benefit Private Long-Term Care
We are also beginning to learn more about the CLASS Act, which will mandate Long-Term Care coverage for all. The program would be paid for by taxes deducted from paychecks. Employers will be required to enroll all employees, unless the individual employee opts out.
The CLASS Act would:
- Provide coverage of $50 to $100 a day for Long-Term Care services.
- Guarantee coverage (no underwriting).
- Only be available after five years of paying premiums.
It is expected that the Long-Term Care coverage provided by the CLASS Act will be more expensive and provide less coverage than a private LTC policy.
However, the CLASS Act will provide great opportunity for the private industry in the way of creating interest in the market.
Click here to read about how the private insurance industry can take advantage of the CLASS Act.
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