Government Regulations for Employer Health Care Mandates by September 23,2010
Health Care Reform Mandates by September 23, 2010 The most recent federal guidelines on the administration of the Patient Protection and Affordable Care Act and the Public Health Service Act are actually requiring All existing health and welfare plans to offer the following benefit mandates: ? Elimination of any lifetime limits on coverage for all medical plans ? Inability to rescind medical coverage for insureds except in the event of fraud ? Must include children of the insured through age 25 ? Immediate coverage for children with preexisting conditions(no waiting periods) The rules state that restrictions on dollar limits for conditions, will be mandated as well, TBD. These will be revealed by the plan anniversaries one would hope. One could start to feel a bit verklempt(forgive my poor Yiddish), but again, the laws of economics dictate that the government steps in where there is private market failure. Currently, the American public feels that the insurance sector, representative ...