California Health Insurance

Most people today are concerned about the insurance changes to their California health plan under the new reform bill. Many news programs have portrayed the reform bill as something negative. However, there are many positive changes that will occur in 2010. Consider the following benefits of the reform act.

California Health Plan Changes for Children

In September of 2010 a drastic change will occur for children’s health insurance. As outlined in the reform act children will now have the opportunity to stay on their parent’s insurance plan until the age of 26. This will apply to all children no matter what their economic or school status is. In fact, your married children can even enjoy coverage under your plan. The only exception to the rule would be children who are entitled to their own insurance through an employer. However, in 2014 children may stay on their parent’s plan even if they have their own coverage. As of September, this policy will cover anyone young adult who is now under the age of 26.

Changes for Small Business

The reform act created a new provision for small businesses in California. According to this provision small businesses can now receive a tax credit for offering California and georgia health plans to their workers. This provision will back date to January 1^st of 2010. According to the rule small business owners can receive a tax credit up to 35% for offering and paying 50% of an employee health plan. In addition, the percentage will increase to 50% in 2014.

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Health Care Reform by admin