Because of the Affordable Care Act, young adults under the age of 26 are able to stay on their parents’ health care plans.
For most of the 50 million Americans who are uninsured, the ruling offers the promise of guaranteed coverage at affordable prices.
Low-income childless adults are covered for the first time. They will be eligible for subsidies to help pay premiums starting in 2014, along with low-income families.
In 2014, insurance companies will not be able to deny coverage for medical treatment, nor can they charge more to people with health problems.
When it comes to your employer, coverage will be available, including people who get laid off, or those who leave a corporate job to launch their own small business.
Seniors also benefit from the law through better Medicare coverage for those with high prescription costs, and no copayments for preventive care.
Millions of Americans will get a rebate check, since their insurance companies spent too much of their premium on administrative costs and/or CEO bonuses.
Insurance companies can’t deny coverage based on pre-existing conditions or gender anymore. And premiums can only vary by age, place of residence, family size and tobacco use, but only to a limited extent.