Oregon, due to its, Family Health Insurance Assistance Program, never really had to be anxious about insurance or premiums. And the Affordability Care Act has proved to be a boon for the families in Oregon. Here is a glimpse at what the Act has in store for Oregon and its residents.
• Families in Oregon now need not worry about the non-medical expenditures going too high. They will now be offered a discount on the expenses.
• 15,000 young adults will now affordable coverage through their parents. Effective from September 23, 2010, children till the age of 26 can stay in their parents’ coverage. A majority of insurers have agreed to cover adult children immediately.
• All lifetime limits will be eliminated which means that about 2 million Oregons and their families will not have to be worry about coverage running out and the huge out-of-pocket expenses thereafter.
• The Act also offers tax credits to working families in Oregon. This will ensure that Oregons have access to affordable coverage.
• The Act will also enforce a cap on the out-of-pocket expenses of families. These include co-pays, coinsurances and deductibles.
• The Oregon health insurance Exchange provides families with wider choices. This will also the give the residents to reap the benefits of increased competition in the market. Continue reading ‘Act gives Oregon Families Another Reason to Buy Family Insurance’ »