The Newest Family Bond - Health Plan Coverage Extended to Adult Children This is the fifth in a series of WorkCite articles concerning the recently enacted Patient Protection and Affordable Care Act and its companion bill, the Health Care and Education Reconciliation Act of 2010 (referred to collectively as the Act).
18 *The Patient Protection and Affordable Care Act of 2009 and the Health Care and Education Reconciliation Act of 2010 were signed into law on March 23, 2010 and March 30, 2010, respectively.
The Patient Protection and Affordable Care Act of 2010, as amended by the Health Care and Education Reconciliation Act of 2010, will have a number of direct and indirect effects on pharmaceutical manufacturers, ranging from the imposition of an annual tax starting in 2011 to potentially affecting research and development through the availability of new grants and tax credits.
The decision to stop new sales was made "after careful consideration of the recent health care legislation and based on the knowledge that the companies' individual medical expense plans will not meet the requirements" of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, the company said.
The decision to cease new sales was made after careful consideration of the recent healthcare legislation and based on the knowledge that the companies' individual medical expense plans will not meet the requirements of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 recently enacted by the United States Federal Government.
The Patient Protection and Affordable Care Act (PPACA), as amended by the Health Care and Education Reconciliation Act of 2010 (HCERA), (collectively, the Act) generally requires group health plans to provide coverage for dependent children up to age 26, effective for the first plan year commencing on or after September 23, 2010.
In an effort to counter the effects of rising college tuition across the nation, Congress passed student loan reform in the sweeping Health Care and Education Reconciliation Act of 2010 last month.
With the recent signing by President Obama of the Patient Protection and Affordable Care Act of 2010 (the "PPACA") and the Health Care and Education Reconciliation Act of 2010 (the "Reconciliation Act") (collectively the "Health Care Reform Act"), employers are eager to understand the impact on their existing plans and the applicable grandfathering provisions.
