California Health Insurance

With the enactment of the recent Health Care Reform bill several benefits have arose for people who hold a current California Medical Insurance Policy. However, there are also benefits for those who are currently uninsured or underinsured. Consider the following ten benefits available concerning California Medical Insurance.

1. Insurance Companies are now required to cover preventative medical care.
2. Lifetime and Annual limits will no longer be allowed in any health insurance policy.
3. Children will now have the opportunity to remain covered on their parent’s policy until age 26.
4. California Medical Insurance Companies will no longer have the option to rescind coverage. (unless the company can prove fraud was committed by the consumer)
5. A one-time, $250 benefit will be released to seniors who have suffered from the lack of prescription coverage by Medicare.
6. Small business owners will now enjoy tax relief when offering medical insurance to workers.
7. Consumers will now have the right to appeal insurance company’s decisions.
8. Consumers who pay high premiums will have the right to a rebate if the company does not have a high overhead cost as predicted.
9. Insurance companies will no longer exclude consumers from coverage due to preexisting conditions.
10. A high risk pool will develop by June of 2010 to provide coverage for consumers excluded from coverage because of high risk.

Many of these benefits will take place by the end of June 2010. However, some changes to California medical insurance policies will not begin until the year 2014. This delay will allow companies to prepare for the changes and understand each requirement.

Filed under:
Health Care Reform, Medical Insurance by admin