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Title: The Affordable Care Act Post by: Stacy Dohm on March 23, 2011, 01:15:15 pm The Affordable Care Act became law one year ago this week. Some of the already implemented provisions mean: If you are a young adult, you can now stay on your parents' health plan until your 26th birthday, if you do not have coverage of your own. If you are among 4 million eligible small businesses, you can receive tax credits if you choose to offer coverage to your employees – covering 35% of the cost of coverage. If you are a child under age 19, you can no longer be denied coverage by an insurance company for having a "pre-existing condition." Your insurance company can no longer place a lifetime limit on your coverage. Such limits have caused some families to declare bankruptcy. If you are a senior, you will now be receiving a 50% discount on brand-name drugs if you enter the Medicare Part D "donut hole" coverage gap – a discount that grows until the "donut hole" is closed in 2020. You can no longer be dropped from coverage by your insurance company simply because you get sick. All of which, of course, Republicans have to see undone. |