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Affordable Care Act ruling gives many guide to insurance

Reported by: Michelle Velez
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Updated: 6/29/2012 8:57 am
LAS VEGAS (KSNV MyNews3) -- More than 560,000 Nevadans do not have health insurance. But soon, those people will get coverage either by buying it or getting it through subsidized care like Medicaid.

The Affordable Care Act requires those folks to buy health insurance.

If not, they'll face a $285 per family fine in 2014.

By 2016, that number will increase to $2,085.

Go to our Wake Up With the Wagner's Facebook page and express your thoughts. A thread has been started on the topic.
The ruling also keeps intact the provision that allows young adults to stay on their parents insurance plan until the age of 26.

For those with pre-existing conditions, by the year 2014, it will be illegal for insurance providers to exclude, limit or charge extremely high costs for coverage.

Small business owners also will have to provide an insurance plan for their employees if they have more than 5o workers.

And the plan includes what's called the 80-20 Provision.

It mandates that insurance companies use 80 percent of premiums on patient care. If they don't, they'll send you a rebate of the difference.

Some who support the health care overhaul say that means more money could be headed your way.



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