You have probably heard a lot about health care reform lately on the news and the internet, and wondered what it is and how it will affect you. Like many sweeping laws, it can be complicated to understand. The Affordable Care Act (ACA) was signed into law by President Obama in March 2010, with the intention of making health insurance more accessible and affordable for individuals and businesses. The act aims to:

  • Control the rising cost of health care
  • Provide universal access to health care
  • Improve the quality of health care
  • Regulate the insurance industry through “Exchanges” consumers can use to compare plans
  • Make health care choices easier to understand

It also imposes the requirement that all Americans purchase individual health insurance and provides employers with new incentives to provide coverage for their employees. By purchasing insurance through Exchanges, individuals and small business owners will be able to compare different plans and access information such as availability, premiums, provider networks and covered benefits.

To learn more about how health care reform will affect your individual health care insurance options or to find out more about how the ACA may affect your small group health insurance, contact the Torrance, California insurance experts at D&S Insurance Services.