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National Heath Care Reform The Affordable Care Act Angela Marese Boyle, NODD Specialist, Region 3 & Kathy Rallings, NODD Health Benefits Specialist
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About The Law Signed into law March, 23 2010 Puts in place health insurance reforms to Hold insurance companies more accountable Lower health care costs Guarantee more choices Enhance quality of health care
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New Consumer Protections 2010 Must provide coverage for children with pre- existing conditions No lifetime limits on essential benefits * Annual limits will be restricted* External appeals process State consumer assistance No rescissions for minor errors
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Improving Quality and Lowering Costs Small business tax credits Relief for seniors prescriptions No cost sharing for preventive care* Wellness and disease management Reducing health care fraud Early retirees* Partnership for Patients*
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Increasing Access Uninsured with pre-existing conditions Young adults* Primary care workforce States to allow more on Medicaid Better payments for rural providers Community health centers Insurance companies unreasonable rate hikes
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Grandfathered Plans Collectively Bargained by Enactment To Qualify Cannot: Changes in annual benefit limits Elimination of benefits for certain conditions 5% increase to employee share of premium Increases of 15% plus medical inflation to deductibles More then a $5 or 15% adjusted for medical inflation on co-pays 6
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Grandfather Plans Exceptions 7 Cost sharing for preventive care No patient protections No limit on deductibles in 2014 Only 35% will retain this status by 2013
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First Renewal on or After September 23, 2010 Coverage for dependents under age 26 AB 36 (tax conformity) Elimination of lifetime limits Elimination of annual limits 2010 - $750,000 2011 - $1.25 Million 2012 - $2 Million Completely banned Jan. 1 2014 8
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Early Retiree Reinsurance Program Chronic or high cost claims between $15,000-$90,000 55-Medi Care eligible Approved Plan Sponsors 2014 or 5 Billion Reductions in: Premiums Deductibles Co-pays Other out-of-pocket costs
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Accountable Care Organizations 2012 for Medicare Voluntary participation Patient centered Restructure payments Shared savings Measurements to improve quality Improved coordination & communication http://video.pbs.org/video/1880261065
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Partnership for Patients: Better Care, Lower Costs GOALS BY 2013 40% decrease in preventable hospital-acquired conditions 60,000 lives saved Reduce hospital readmissions by 20% 1.8 million patients would not suffer complications Potential Savings of $35 Billion http://www.healthcare.gov/
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California Health Benefit Exchange First in the nation In place by 2014 Governing Board Kimberly Belshé Diana S. Dooley, Chair Paul Fearer Susan Kennedy VACANT (Senator Steinberg to appoint) Pending bills to make Exchange Work
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California Health Benefit Exchange Est. 2.4 million Californians eligible Subsidy based on family income Under 400% FPL Unaffordable employer based 9.5% of income 60% actuarial value Not eligible for Medi-Cal May opt out of employer-based coverage if cost is between 8% and 9.8% of income.
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Actuarial Examples
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Individual Mandate 2014 Tax penalty Hardship waiver Sets minimum standards Establishes floor for negotiations Limit on waiting periods to 90 days
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Employer Penalties Firms with 50 or more FTEs No coverage offering $2,000 per full-time employee At least one employee receives subsidy 1 st 30 except Unaffordable offering $3,000 per employee receiving a subsidy
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Maximum Out of Pocket
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Employee Only
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Family Coverage
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Taxes Report value of benefits on W-2 Includes employer contributions to HSA, MSA or FSA excludes dental and vision. 2018 -40% tax on INSURERS $10,200 single $27,500 family Adjusted for age, CPI, and gender Employers must report annually to the IRS
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California Statutes and Proposals SB1088 (Price) Conformed California state law regarding 26 year olds AB52 (Feuer) Rate Regulation Pending Exchange bills AB1296 AB714 AB792
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Heath and Human Services www.healthcare.govwww.healthcare.gov The Commonwealth Fund www.commonwealthfund.orgwww.commonwealthfund.org Kaiser Family Foundation www.kff.orgwww.kff.org California HealthCare Foundation www.chcf.orgwww.chcf.org The California Endowment www.calendow.orgwww.calendow.org Physicians for a National Health Program www.pnhp.orgwww.pnhp.org UC Berkley Labor Center www.laborcenter.berkeley.edu For additional information and links to various health care websites: www.cechcr.orgwww.cechcr.org How You Can Stay Informed Good sources of information: 22
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