How the Health Care Bill Impacts Retirees
The health reform bill, signed by President Obama on
Free preventative care.
Patient cost-sharing for preventive services such as cancer screenings will be eliminated on
Prescription drug rebate.
The donut hole will be gradually filled in before completely closing in 2020. Beginning in 2011, pharmaceutical manufacturers will be required to provide a 50 percent discount on brand-name prescriptions in the
High-income retirees pay more.
High-income retirees already pay higher Medicare Part B premiums than other
Early retiree coverage.
The health bill creates a temporary reinsurance program for employers that provide retiree health insurance coverage to former employees age 55 and older who are not yet eligible for
Long-term care insurance program.
The new legislation will establish a voluntary long-term care insurance program called Community Living Assistance Services and Supports (CLASS). Citizens who pay premiums into the program for at least five continuous years become eligible for payouts for community living assistance services if they become unable to perform the activities of daily living for a period of 90 days or more. The payouts will average at least
Medicare Advantage plans.
Many provisions of the health legislation change how
Changing payment structure.
The health bill changes the ways doctors are paid for the services they provide
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Healthcare Reform - How the Health Care Bill Impacts Retirees | Emily Brandon
(c) 2010 U.S. News & World Report