California Health Insurance: Lifetime Limits and Annual Spending Caps a Thing of the Past
In September of 2010 health insurance in California will undergo major changes. The days of annual spending limits and lifetime limits will become a thing of the past. Under the health care reform bill, which passed in March, Insurance companies will no longer have the right to limit your coverage. This could mean a huge savings for consumers.
Consumers with Major Illness or Injury
Current health insurance in California has limits that can cripple a consumer who is injured or ill. When you consider the cost of a major hospital stay or procedure you could end up paying a great deal for your treatment. In fact, some hospitals implement annual limits of 500,000 dollars. That cap may even cover your entire family. If two people in your family require surgery and a short hospital stay you are likely to go way over that limit.
Preventative Coverage with No Deductibles
In addition to saving money by avoiding coverage limits you will also save money by enjoying complete coverage for preventative services. You will no longer have to pay a copayment and deductible fees when you go for preventative services. Vaccinations for children, annual checkups, and well-baby visits will be completely covered. For a family of four this could lead to hundreds of dollars in savings each year. Medicare, which is health insurance in California for seniors, will also cover preventative services at no additional cost.
With these changes, the health care reform act may save your family a great deal each year.