Skip to content

    Health Care Reform:

    Health Insurance & Affordable Care Act

    Health Reform Law Timeline

    2014 Implementations continued...

    Provision: Preserving Choice

    Effective: Jan. 1, 2014

    Workers who cannot afford the insurance coverage offered by their employer can apply the dollar contribution their employer would have made toward insurance to help pay for a more affordable plan in the newly established health insurance exchanges.

    Provision: Guaranteed Insurance Coverage

    Effective: Jan. 1, 2014

    The law requires insurance companies to sell and renew insurance policies to any individual regardless of pre-existing health conditions. The Congressional Budget Office estimates this provision of the law will bring coverage to an additional 34 million people by 2021.

    Provision: Increased Access to Medicaid

    Effective: Jan. 1, 2014

    States will receive federal funds to cover the cost of expanding their Medicaid programs. Individuals under the age of 65 who earn less than 133% of the federal poverty level -- $14,856.10 for an individual and $30,656.50 for a family of four -- will be covered.

    An additional 17 million people were expected to receive coverage as a result of Medicaid and CHIP expansions by 2021. However, the Supreme Court ruling on the Affordable Care Act could limit the Medicaid expansion. The court removed a penalty for states that don't want to accept the extra funds and expand the number of people eligible for coverage. As a result, the ultimate number of people who will gain insurance via Medicaid may not meet the initial estimate of 17 million.

    Today on WebMD

    stethoscope on person's chest
    Your Marketplace choices,
    doctor
    How not to waste money on health care.
     
    man in cafe looking at computer
    Finding low-cost health insurance.
    doctor showing girl a stethoscope
    Get the facts on health insurance.
     

    Latest Health Reform News

    Loading …
    URAC: Accredited Health Web Site TRUSTe online privacy certification HONcode Seal AdChoices