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HEALTH CARE REFORM MOVING FORWARD - PowerPoint PPT Presentation


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HEALTH CARE REFORM MOVING FORWARD. CALIFORNIA BLACK CHAMBER OF COMMERCE.

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california black chamber of commerce

CALIFORNIA BLACK CHAMBEROF COMMERCE

California Black Chamber of Commerce (CBCC) is a nonprofit organization which advocates for individual members, small business owners, and local chambers from around the state. CBCC is also providing the following information regarding the Affordable Care Act also known as (Obamacare) and its affect on all Americans

california black chamber of commerce1

CALIFORNIA BLACK CHAMBEROF COMMERCE

CBCC Special Presentation

Sponsored by Pfizer

acronyms

ACRONYMS

Department of Health & Human Services

(HHS)

Pre-existing Insurance Plan

(PCIP)

Patient Protection Affordable Care Act (PPACA)

Health Care & Education Reconciliation Act & Federal Health Reform Law = Affordable Care Act

(ACA)

who benefits

Who Benefits?

If you have a child with pre-existing condition

65 & older -Fallen into the Medicare donut hole

If you haven’t been able to afford insurance for your employees

If you graduated from school and lost your coverage

You may be one of the millions that will benefit from ACA immediately

overview of the law

OVERVIEW OF THE LAW

Get more health care for millions who need it

Give Increased access to quality care

Slow rate of cost while improving quality of care

Strengthens Medicare and gives option to keep existing health plan

Makes insurers accountable to consumers

Reduces what families have to pay by capping out of pocket cost

Require preventive care be fully covered without any out of pocket expense

For Americans who like what they have, they may keep it…ACA will not affect what you already have

more than 200 employees
More than 200 employees?
  • By 2014, you will be required by law to automatically enroll new Full time employees into one of your employer-sponsored plans
  • Employees can opt out
less than 50 employees
LESS THAN 50 EMPLOYEES
  • You have no requirement to offer health coverage to your employees and you will not pay a penalty
25 employees of less

25 Employees of less

Between 2010-2013

With average wages of $50,000 or less…

ACA allows employers to claim up to 35% of their insurance premium

Non-profits 25%

In 2014 tax credit goes up to 50% for qualifying small businesses

Non-profits 35%

savings
SAVINGS?
  • Law passed 2010
    • 5.8 million Medicare patients saved $5 billion through prescription-drug discounts
    • 4 million seniors who have fallen into Medicare ‘donut hole’ have received $250 rebates to help pay for medicine and 50% discount on all brand name drugs
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QUESTIONS
  • COMMENTS

www.healthcare.gov