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JEFFERSON CHAMBER OF COMMERCE HEALTHCARE CONFERENCE

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Presentation on theme: "JEFFERSON CHAMBER OF COMMERCE HEALTHCARE CONFERENCE"— Presentation transcript:

1 JEFFERSON CHAMBER OF COMMERCE HEALTHCARE CONFERENCE

2 The New Healthcare Environment Impact on Human Resources

3 I. INTRODUCTION

4 A. Purpose of Presentation

5 B. Overview

6 II. HISTORY AND EXPECTED FUTURE OF NEW HEALTHCARE LAW

7 President signs into law “The Patient Protection and Affordable Care Act: on March 23, 2010

8 B. “Budget Reconciliation Act of 2010” is enacted. on March 30,
B. “Budget Reconciliation Act of 2010” is enacted on March 30, amending and supplementing The Patient Protection Act

9 C. Department of Health and Human Services,
C. Department of Health and Human Services, Treasury Department, and Department of Labor begin drafting and implementing regulations

10 D. Potential for more changes in the law

11 III. IMPORTANT CHANGES IN REQUIRED. HEALTH INSURANCE COVERAGE OF
III. IMPORTANT CHANGES IN REQUIRED HEALTH INSURANCE COVERAGE OF CERTAIN EVENTS

12 A. Adult children can stay on their parents’ policies
A. Adult children can stay on their parents’ policies until they are 26

13 B. All new policies will be required to cover most preventive care

14 C. Healthcare plans cannot deny coverage to
C. Healthcare plans cannot deny coverage to dependent children of Plan participants because of pre-existing health conditions

15 D. The practice of dropping. insured individuals
D. The practice of dropping insured individuals when they become ill will be banned

16 E. Healthcare Plans Can No longer Set Lifetime or
E. Healthcare Plans Can No longer Set Lifetime or Annual Caps on Benefits

17 IV. SIGNIFICANT IMPACT OF NEW HEALTH
IV. SIGNIFICANT IMPACT OF NEW HEALTH INSURANCE LAW THAT DIRECTLY AFFECTS MOST EMPLOYERS

18 A. Adds a new $2,000 per employee penalty on many businesses

19 B. Will impact other current laws

20 IV. CONCLUSION


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