The Facts About Health Care Reform

The health care reform is a huge topic these days. Now that the reform is finally in place, everyone will be able to get the health coverage they need. There are a lot of myths about the health care reform, so it is important to be aware of the facts.

Insurance Companies Will Be Regulated More

One of the best aspects about the health care reform is that insurance companies will be regulated a lot more. This means that they must cover preventative care and not deny coverage for those with pre-existing conditions.

Everyone Who Doesn’t Have Health Insurance Will Have a Fine

Having health insurance is now the law, so you will have to pay a fine each year for going without it. In 2014, if you do not have health insurance, you will have a fine that is 1 percent of your annual income.

Medicaid Will Cover All Poor People

Before the health care reform, a person was only able to qualify for Medicaid if she was poor, disabled, pregnant or disabled. Now, all people who fall below the poverty line will qualify for Medicaid.

For more information about the health care reform, contact Pilkington Financial Services in Colorado.