The Health Care Reform Timeline
-- Businesses that employ fewer than 50 people are eligible for a tax credit equal to 35 percent of health insurance premiums.
-- States can choose to establish temporary high-risk pools for people with preexisting conditions, similar to those for car insurance, until new health insurance exchanges are implemented in 2014.
-- A federal website debuting this summer, www.healthcare.gov, is to provide information on health insurance options in each state.
-- Adult children may remain on their parents' policies until their 26th birthday, although many plans will institute this change only when their new policy year starts.
-- All new policies must cover preventive services such as cancer screening, with no out-of-pocket costs.
-- Insurers are barred from canceling coverage when a policyholder becomes ill.
-- Insurers can no longer set lifetime limits on the amount of benefits paid; annual limits are restricted and will be phased out.
-- A voluntary national insurance program will be established to cover home health services for the elderly.
-- Those hitting the "doughnut hole" will receive a 50 percent discount on brand-name drugs.
-- Small businesses that establish wellness programs will be eligible for grants.
-- Chain restaurants and vending machine companies must disclose the nutritional content of their products.
-- The minimum threshold for claiming deductions for medical expenses will increase from 7.5 percent to 10 percent of adjusted gross income for those under 65.
-- Contributions to a flexible spending account will be limited to
-- The employer tax deduction for subsidizing
-- U.S. citizens will be required to buy health insurance or pay a penalty of
-- Companies with 50 or more employees generally must offer health insurance or pay a penalty of
-- Insurers will not be allowed to refuse coverage because of preexisting conditions and cannot charge higher rates because of health status, race, or gender.
-- Health insurance exchanges will be available in each state, allowing individuals and small firms to comparison shop for a standardized policy.
-- Employers can offer rewards of 30 percent to 50 percent off the cost of coverage to employees who participate in wellness programs.
-- An excise tax will be imposed on employers who provide their workers costly "Cadillac" health plans, those with premiums beyond
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The Health Care Reform Timeline
(c) 2010 U.S. News & World Report