Heath Care Reform

Young adults in Kentucky can now stay under their parent’s policy. The new health law mandates health insurance companies to allow parents to keep their children in their policy until age 26. 35,610 young adults in Kentucky have benefited from this  plan (as of June 2011).

Because of the new law, Medicare members no longer need to worry about their extra  prescription cost. Once they reach the donut hole in 2010, they are sent a check for a $250 rebate. 69,438 seniors in Kentucky have received the rebate to offset the cost of their prescription drugs. A 50 percent discount was also given for brand name drugs once they’ve hit the donut hole. This resulted to an average savings of $40,147,823  for Kentucky Medicare members. The Affordable Care Act aims to close the donut hole by 2020.

One of the provisions of the health care reform is to provide preventive care services free of charge for Medicare members and free from cost-sharing for those enrolled under private plans. In 2011, 538,544 Medicare members and 732,000 private plan members in Kentucky have received free preventive care services like colonoscopies and mammograms.

The new health law protects consumers’ money through the medical loss ratio which mandates insurers to spend 80 percent of their Kentucky health insurance dollars on medical care and only 20 percent on administrative costs. 981,000
Kentucky residents are now able to maximize their premium.

Insurers are no longer allowed to impose a lifetime limit on their members’ benefits. 1,414,000 Kentucky residents are now free from having lifetime limits on their coverage. Patients with chronic diseases don’t have to worry about maximizing their limit because of their accumulating medical costs.

Through the Pre-Existing Condition Insurance Plan, Kentucky residents who have pre-existing condition can now have affordable Kentucky health insurance quotes. As of 2011, 435 residents now have a Kentucky health insurance. Without this provision, they would still remain uninsured.

Kentucky has received a $5 million  grant to develop more health programs and policies. They have also received $42.1 
million to create more health centers and to improve existing centers and the quality of health care delivered.

Because of the new law, Medicare members no longer need to worry about their extra prescription cost. Once they reach the donut hole in 2010, they are sent a check for a $250 rebate. 69,438 seniors in Kentucky have received the rebate to offset the cost of their prescription drugs. A 50 percent discount was also given for brand name drugs once they’ve hit the donut hole. This resulted to an average savings of $40,147,823 for Kentucky Medicare members. The Affordable Care Act aims to close the donut hole by 2020.

One of the provisions of the health care reform is to provide preventive care services free of charge for Medicare members and free from cost-sharing for those enrolled under private plans. In 2011, 538,544 Medicare members and 732,000 private plan members in Kentucky have received free preventive care services like colonoscopies and mammograms.

The new health law protects consumers’ money through the medical loss ratio which mandates insurers to spend 80 percent of their premium dollars on medical care and only 20 percent on administrative costs. 981,000 Kentucky residents are now able to maximize their premium.

Insurers are no longer allowed to impose a lifetime limit on their members’ benefits. 1,414,000 Kentucky residents are now free from having lifetime limits on their coverage. Patients with chronic diseases don’t have to worry about maximizing their limit because of their accumulating medical costs.

Through the Pre-Existing Condition Insurance Plan, Kentucky residents who have pre-existing condition can now have affordable coverage. As of 2011, 435 residents now have a Kentucky health insurance. Without this provision, they would still remain uninsured.

Kentucky has received a $5 million grant to develop more health programs and policies. They have also received $42.1 million to create more health centers and to improve existing centers and the quality of health care delivered.