Georgia Health Reform Changes
What Changes The Health Care Reform Bill Will Bring to Health Insurance Georgia Plans
The commonly called Health Care Reform bill is made up of two pieces, the Patient Protection and Affordable Care Act, and the Health Care and Education Affordability Reconciliation Act of 2010. In Georgia, these two pieces will result in a lot of changes for health insurance Georgia carriers, and the customers who purchase health insurance Georgia policies. Here is a summary of some of the changes that will occur in the individual health insurance Georgia market. Please note that a lot of the specific regulations are unclear at this time, so no one knows how exactly health insurance Georgia policies will change when all is said and done.
One big issue is that individuals are not required to terminate their current health insurance Georgia policy, just because the new law is in effect. If you are happy with your health insurance Georgia plan right now, you are allowed to keep it. This is reassuring because many Georgia residents have excellent health insurance Georgia plans right now, and many people have been afraid they would have to switch to a different health insurance Georgia policy that they may not like as much.
The state of Georgia will be required to establish a high risk health insurance Georgia pool program. This type of program is established so that individuals who do not qualify for individual health insurance Georgia plans, due to high health risks or current medical problems, will have a recourse. This program will be at the state level. The federal government will establish regulations for premiums, however. There are other states with this kind of program already. Right now, Georgia does not have a health insurance Georgia high risk pool program, so this will be an improvement for our state's residents. This will most benefit those individuals who have had a pre-existing condition and have therefore been denied coverage in the individual health insurance Georgia market.
The federal government will set up an internet web site so that everyone can compare and identify affordable health insurance coverage. Georgia residents will be able to access this web site and compare health insurance Georgia plans to those of other states. Recently, Georgia passed a law that allows residents to purchase health insurance Georgia plans from outside the state. The goal is that this will lead to more competitive pricing. Many health insurance carriers work at the national level, and are therefore able to offer health insurance Georgia plans regardless of where their national headquarters are. However, with the new federal web site, the government hopes to make health insurance more accessible to more people. Another goal is to make it easier to shop around between health insurance Georgia plans for Georgia residents.
The age of dependents who qualify to continue to be covered under their parents' health insurance Georgia plan is being raised to 26. It is currently at age 18 or 21, depending on the particular health insurance Georgia policy. This is probably due to the fact that many young adults end up going without health insurance Georgia plans because they are having difficulty finding full-time employment after they graduate from college. The rising costs of living alone make it difficult for many young adults to live independently. Also, many people are taking longer to finish college and are therefore still living at home until later ages. This change will benefit that age group.
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