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JEFFERSON CHAMBER OF COMMERCE HEALTHCARE CONFERENCE

JEFFERSON CHAMBER OF COMMERCE HEALTHCARE CONFERENCE. The New Healthcare Environment Impact on Human Resources. I. INTRODUCTION. A . Purpose of Presentation. B . Overview. II . HISTORY AND EXPECTED FUTURE OF NEW HEALTHCARE LAW.

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JEFFERSON CHAMBER OF COMMERCE HEALTHCARE CONFERENCE

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  1. JEFFERSON CHAMBER OF COMMERCE HEALTHCARE CONFERENCE

  2. The New Healthcare Environment Impact on Human Resources

  3. I. INTRODUCTION

  4. A. Purpose of Presentation

  5. B. Overview

  6. II. HISTORY AND EXPECTED FUTURE OF NEW HEALTHCARE LAW

  7. President signs into law “The Patient Protection and Affordable Care Act: on March 23, 2010

  8. B. “Budget Reconciliation Act of 2010” is enacted on March 30, 2010 amending and supplementing The Patient Protection Act

  9. C. Department of Health and Human Services, Treasury Department, and Department of Labor begin drafting and implementing regulations

  10. D. Potential for more changes in the law

  11. III.IMPORTANT CHANGES IN REQUIRED HEALTH INSURANCE COVERAGE OF CERTAIN EVENTS

  12. A. Adult children can stay on their parents’ policies until they are 26

  13. B. All new policies will be required to cover most preventive care

  14. C. Healthcare plans cannot deny coverage to dependent children of Plan participants because of pre-existing health conditions

  15. D. The practice of dropping insured individuals when they become ill will be banned

  16. E. Healthcare Plans Can No longer Set Lifetime or Annual Caps on Benefits

  17. IV. SIGNIFICANT IMPACT OF NEW HEALTH INSURANCE LAW THAT DIRECTLY AFFECTS MOST EMPLOYERS

  18. A. Adds a new $2,000 per employee penalty on many businesses

  19. B. Will impact other current laws

  20. IV. CONCLUSION

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