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- Insurance companies will be prohibited from placing lifetime caps – limits on the amount of money that can eventually be paid out – on their policies. They’ll face new restrictions on setting annual caps, as well.
- Insurance companies also will be prohibited from pulling your coverage, except in case of fraud or intentional misrepresentation.
- Children won’t be excluded from coverage due to pre-existing health conditions. Plus, children will be able to stay on their parents’ policy until age 26.
- Small businesses that offer health coverage to employees will be eligible for tax credits of up to 50 percent of premium costs.
- Seniors who fall into the coverage gap, or “doughnut hole”, in the middle of the Medicare Part D prescription drug coverage plan will get $250 to help them pay their bills.
- People with pre-existing health conditions will be able to enroll in a new, but temporary, national high-risk insurance plan.
http://www.csmonitor.com/USA/Politi...are-reform-bill-101-How-long-will-reform-take