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Health insurance Kentucky reform

May 20th, 2013     News

Although we, as Americans, have been waiting impatiently for something to be done about the rising cost of health care and abuses in the health insurance industry now that something is finally being done confusion is still rampant. So letýs take a look at some of what the new healthcare reform laws are going to do to help us get even more affordable insurance Kentucky.

To start with, although you will see some changes now, most of the new laws will not actually go into effect until 2014. So those who are looking for a quick fix, alas it is not to be. Also keep in mind that as the new laws occur they will not affect policies that are already in place but instead will be geared toward new policies.

  • Children. As of September of 2010 children under the age of 19 who have what is considered a pre-existing condition cannot be turned down for coverage under their parent’s insurance policy nor can they be issued a waiting period for coverage of the condition. Under the new laws you may be able to keep your child on your policy until the age of 26 or until they obtain employment. This should help those young people who are off to college or just getting started in life.  
  • Small Businesses. Tax Credits! Small businesses will now be eligible to receive a credit on their taxes to help them pay for employee health insurance coverage. Another help for small businesses will be the creation of health insurance exchanges. These exchanges will allow individuals and small businesses the ability to shop around for health insurance easier.  
  • Everyone. Preventative care will be offered free of charge. This will include checkups, as well as tests such as mammograms and colonoscopies.

Insurance companies will no longer be allowed to deny coverage to those with pre-existing conditions. They will also not be allowed to drop your coverage if you become ill or injured and lifetime benefit limits will be a thing of the past.

At Preferred Insurance Group we know that sometimes it is nice to have a friend in the insurance Kentucky business. That is why we are with you every step of the way helping you find the insurance products and options that best fit your lifestyle and budget to filling out those complicated application forms and we are still here even after you buy your policy. Insurance of any kind can be complicated with new laws and policies so we stand by our clients every step of the way.

We can even help you file claims and support you if you ever have a problem with your policy or carrier. Just give us a call toll free at 877-334-1597. Or if you are really a do-it-yourselfer at heart you can click on the link above and check out a few quotes yourself; it’s fast, free and there is absolutely no obligation.