Small Business Health Insurance–How Are New Healthcare Changes Effecting Group Health Policies?

Small businesses have been providing health insurance for their workers through employer group healthcare plans, which can make health insurance quite affordable for a business owner. However, recent tax credits have also been passed to allow more companies to insure their workers at an affordable cost by offering assistance to employers who have to meet higher premiums.

Yet, health insurance legislation has recently gone into effect and, for many who have health insurance through their employer for instance, there is the question of how these changes will affect various consumers. While the health insurance rules will not take effect until a health insurance plan is renewed, or the health insurance year ends, there are some new benefits and changes that may impact various individuals.

New health insurance laws may actually began helping consumers in the coming months or year as changes like a ban on lifetime limits will be implemented, many may no longer have to pay for preventative care, insurers may no longer deny coverage for kids under the age of 19 with pre-existing conditions, and parents may now keep their child on their healthcare plan until they reach the age of 26.

While there are some exceptions to these changes, as would be the case if an employer does not offer a plan that will cover dependents or if a child has their own health insurance, it’s hoped that some of these changes that are beginning to take effect from universal healthcare reform will show positive improvements for individuals with health insurance policies and healthcare needs.

Employers continue to use tax credits to make healthcare costs more affordable, but there are those who are finding aid from employer group health insurance plans which are providing health insurance plans that are less costly to business owners in many cases.  Yet, consumers and employers are waiting to see how these healthcare changes will apply to their policy when their insurance plan year ends.