On September 23rd many of the new healthcare laws took effect — 6 months from the signing of Patient Protection and Affordable Care Act (PPACA). But when do these new changes really effect you and your insurance coverage? I have heard it incorrectly reported on the radio this week and I thought clarification should be given.
The changes to insurance coverage will happen either at the time a new policy takes effect or at the time a current policy renews. Thus, if you buy a new health insurance policy that starts after September 23rd then the new laws will be in place for that policy. For your current health plan that is already in place, nothing changes on your current policy until its renewal date. Upon the renewal of your health plan the new health laws will take effect on your policy.
In later posts I will cover in more detail the changes that happened from PPACA on September 23rd. For now, a basic list of changes are located to the right under “Dates To Be Aware Of”.
Benefits Boardroom 