Posts Tagged ‘Health Reform’

Health Insurance Marketplace will launch October 1st

JeffBaderHealth Insurance Marketplace will launch October 1st. California’s is called Covered California, and some important pieces of healthcare reform, the Affordability and Accountability Act (ACA), will take effect January 1st.   Many people are questioning the impact ACA has on the senior health marketplace as there are parts of the new law that affect Medicare coverage.

Donut Hole Changes

One of the biggest changes under healthcare reform will be prescription costs in the coverage gap, often called the “donut hole,” which occurs in some Medicare Prescription Drug Plans. Once the cost for your prescriptions reaches a certain amount (based on $2970 in 2013 retail cost – not the portion you paid), then you enter the coverage gap where your share of cost becomes considerably higher until you reach the “catastrophic coverage” threshold.

Powered by WordPress