I Have Insurance
The Affordable Care Act (ACA) does not make you give up your current health insurance. It requires that most people have health insurance by 2014, if they do not already have it.
The ACA also makes changes to make sure your insurance plan:
- Provides a minimum level of benefits,
- Limits how much you have to pay out of pocket,
- Provides you quality care.
Whether these changes and others apply to your insurance plan depends on whether you have a 'new' plan or a 'grandfathered' plan.
Did you have your current health insurance when the ACA became law on March 23, 2010?
- If yes, then you have a 'grandfathered' plan.
- If no, then you have a 'new' plan.
A plan stays grandfathered so long as no major changes are made to its terms or conditions. Major changes include cutting benefits or increasing out-of-pocket costs. Plans must tell you if they are grandfathered and give contact information for questions. But, check your plan papers or call your insurer if you are not sure.
Many of the health care reform changes do not apply to grandfathered plans. For example, new health insurance plans must cover the entire cost of preventive services such as:
- Cancer screenings
- Diet counseling
Grandfathered health insurance plans, however, can still require you to pay for part or all of these services.
Find out what changes already affect your plan: