Understanding the new rules

What Is Is The Affordable Care Act?

Some folks have heard about the Affordable Care Act but aren’t quite sure what it is. Others haven’t heard a thing.  Either way, big changes have occurred that will affect medical coverage for just about all of us.

So what is Healthcare Reform? It all started in 2010 when the Affordable Care Act was signed into law. 

Some of the law’s changes have already gone into effect. For instance, children up to age 26 can remain on a parent’s health insurance plan. Plus, children with pre-existing conditions, like asthma or diabetes, are guaranteed coverage. Insurers also have to provide coverage for preventive care, including immunizations and wellness check-ups for women, babies and kids.

There are even bigger changes coming up in January of 2014. The most important one is this: The law includes something called the Individual Mandate. It’s just a way of saying that most everyone will be required to have health insurance.

Lots of people already have insurance. They buy it directly from insurance companies like Humana. Others get it through their employer. 

But that still leaves plenty of folks who don’t have coverage. The law is meant to help them get on board.

To do that, Health Insurance Marketplaces are available in each state. You can shop for and compare policies online, the same way you shop for other stuff. You’ll find plans from a wide range of companies like Humana. In fact, you may find a Humana plan that works for you. You could buy it through the Marketplace or, if you want, directly from Humana.

Many Americans may qualify for help paying their share of the premium costs when they buy their policies on the Marketplace. These folks will receive government subsidies based on their income and family size. Some will get a Premium Tax Credit to help pay their premiums.  For others, the deductible and co-pays will be reduced.

There are still more changes to come. Insurance companies will guarantee coverage to anyone who applies, even if you have a pre-existing condition, like heart trouble. Plus, an insurer can’t put a dollar limit on how much of your healthcare expenses it pays each year.

Whew! That’s covering a lot. But the next time you hear about Healthcare Reform, you should have a pretty good idea what it is: Access to health insurance for more Americans.


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This information is only a high-level summary of certain provisions of the health care law. This information does NOT attempt to summarize all provisions of the health care reform law. This information is not and should NOT be used as legal or tax advice; it should not be used as a basis for decisions regarding how the health care reform law will affect you and/or your business. Should you have any questions on how the health care reform law (including the high level summary of certain provisions of health care reform) will affect you and/or your business, you should seek professional advice from attorneys or other advisors.

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