Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Specific ? on Healthcare changes in 2014
Old 10-04-2010, 09:36 PM   #1
Thinks s/he gets paid by the post
Lakewood90712's Avatar
 
Join Date: Jul 2005
Posts: 1,316
Specific ? on Healthcare changes in 2014

I'm starting a new thread for this question , as politics are not involved. ( or at least I don't think so)

Am I reading the Healthcare Reform Summery correct , as to rates and underwriting, only being dependent on age, gender an tobaco use ? And pre-existing conditions irevelvent ?

Thank's in advance.
__________________

__________________
“The finance industry is 5% rational people and 95% shamans and faith healers.” - Charlie Munger
Lakewood90712 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-04-2010, 10:17 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,616
Quote:
Originally Posted by Lakewood90712 View Post
Am I reading the Healthcare Reform Summery correct , as to rates and underwriting, only being dependent on age, gender an tobaco use ? And pre-existing conditions irevelvent ?
Here's what I found (from this link):

Quote:
Premium Rating Rules: Until enactment of the new law, insurers could incorporate information on many factors when determining premium rates—health status, age, gender, geography, tobacco use, industry/occupation, and family size, among others. The new law, however, limits rating factors to age, tobacco, family size, and geography. The age rating factor cannot vary by more than 3:1, which means that an older individual cannot be charged premiums more than three times the premiums for a younger individual. The tobacco rating factor cannot vary by more than 1.5:1, which means that a smoker would not pay more than 1.5 times what a non-smoker would pay.
I wouldn't think it prudent to make any irrevocable decisions based on what we think might happen in 2014 regarding health insurance. That's a LONG way away in political terms.
__________________

__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is online now   Reply With Quote
Old 10-04-2010, 11:37 PM   #3
Recycles dryer sheets
 
Join Date: Jan 2010
Posts: 183
Quote:
Originally Posted by Lakewood90712 View Post
I'm starting a new thread for this question , as politics are not involved. ( or at least I don't think so)

Am I reading the Healthcare Reform Summery correct , as to rates and underwriting, only being dependent on age, gender an tobaco use ? And pre-existing conditions irevelvent ?

Thank's in advance.

From HealthCare.gov (official site)
healthcare.gov/law/timeline/index.html
(go to the last but one item in 2014 timeline)
"No Discrimination Due to Pre-Existing Conditions or Gender

Effective January 1, 2014
The law implements strong reforms that prohibit insurance companies from refusing to sell coverage or renew policies because of an individual’s pre-existing conditions. Also, in the individual and small group market, it eliminates the ability of insurance companies to charge higher rates due to gender or health status."
__________________
pixelville is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
DRIPs- need some general and specific advice thefed FIRE and Money 18 03-10-2006 09:07 PM
Specific Fund Transaction Advice TromboneAl FIRE and Money 7 12-09-2005 11:45 AM
Way to skip postings by specific users? parnass Forum Admin 12 05-17-2005 11:59 AM

 

 
All times are GMT -6. The time now is 05:33 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.