Health Care Alert: Navigating Health Care Reform (April 2, 2010)
Understanding Health Care Reform - An Initial Guide For Employers
April 02, 2010
On March 23, 2010, President Obama signed the historic Patient Protection and Affordable Care Act (the "Act"). Together with the Health Care and Education Reconciliation Act of 2010, which was signed into law on March 30, 2010, the Act will reshape the United States health care system.
A few significant changes will become effective immediately or over the course of the next few months. For example, for plan years beginning on or after September 23, 2010, employer sponsored plans may no longer impose lifetime benefit caps (restricted annual caps are allowed). Pre-existing condition exclusions for children up to age 18 also are prohibited.
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