As the Affordable Care Act (ACA) becomes reality in the coming months, many questions are being asked about how it affects individuals. In a nutshell, the ACA will help to expand coverage, implement methods to hold insurance companies accountable, lower costs associated with medical care, and allow more choices for health treatment.
A major goal of the act is to fill in some of the existing gaps and generally improve the quality of care. The ACA also mandates more normalized rates (the differential of cost for men and women is eliminated, and lessened between young and old), and necessitates coverage for all – even those with preexisting conditions, formerly the bane of many.
A common question is what impact the act will have on those who are already covered by their own policy, or are insured under a corporate policy. As with any piece of newly-implemented legislation, there are grey areas and uncertainties, but for the most part, those already covered will not experience a change – at least, not yet. The short answer is that most health insurance plans that existed on March 23, 2010, are eligible for grandfathered status and therefore do not have to meet all the requirements of the health care law. And this applies to both plans individuals buy, as well as those received through an employer – in the latter case, coverage may be grandfathered even if an individual wasn’t enrolled on the March 2010 date.
At Symbius, we have always put the customer first, and for this reason, our knowledgeable customer service department strives to help you make sense of the process, and we routinely work with insurance providers to accurately complete paperwork. Our customer service department will gladly verify your insurance, obtain any necessary authorizations and we will even take care of processing your insurance claim with your primary or secondary insurance provider. On our website, you’ll find a sampling of the numerous insurance providers we partner with.