The Health Care Reform Bill- passed on March 26, 2010

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The Health Care Reform Bill- passed on March 26, 2010

There are changes going into effect in 2010 and at the start of the calendar year 2011which have the potential to directly affect all families and age groups.

Rules are still being written on how the new law is to be carried out.

With the new law of the land, it seems that everyone with NC health plans is wondering, "Exactly how NC health insurance plans will be affected?"

Whether one has coverage or is seeking a quote for affordable health insurance, and whether one resides in a mountain communities near Asheville or in or nearcities like Charlotte or Raleigh, we in North Carolina are asking what the rest of the country is asking: "How will my long-term health care and financial picture be impacted when the changes begin?"

Whether we're seniors or simply have senior-aged parents and grandparents, we will all be affected by what happens for seniors down the road.

Let's take a look at some of what we know will take place this year.

Medicare will begin paying $250 in annual rebate to those in the coverage gap of the "donut hole" of Medicare Part D. It appears that the $250 rebate check will be sent within a few months after the lapse in Medicare coverage begins each year. For those who are without direct experience

with the "donut hole", and to put the rebate subject into perspective, it's helpful to know that after deductible in a given year, the Medicare D plan pays 75% of the costs of prescriptions until costs reach $2,830. The "donut hole" begins at $2,830 and the 75% Medicare prescriptions coverage then ends. The individual pays 100% of the costs until $3,610 more is spent on prescriptions.

The total costs of prescriptions must rise to $6,440 before Medicare will resume paying in that year. The cycle begins again the next year and is a challenge that many seniors face annually. The $250 rebate is less than 10% of the

burden many pay.

The law indicates that the donut hole will end by 2020.

In the future, if the donut hole ends, seniors will still be responsible for 25% of drug costs.

Perhaps a more significant change for seniors is applicable beginning January

2011. Name-brand drugs will be at a 50% discount during one's lapse in Medicare D coverage. However, with rising drug costs being a concern, it's

difficult to predict the overall outcome.

With financial burdens like these being a certainty for many, one can see that people of all ages stand to benefit greatly from the long-term value and security provided through a number of different plans. Blue Cross Blue Shield of North Carolina's(BCBSNC's) HMO and POS products have earned Excellent Accreditation from the National Committee for Quality Assurance (NCQA).

BCBSNC also has North Carolina's first and only NCQA accredited PPO plan. Products like Blue Cross Blue Shield of North Carolina's (BCBSNC's)BCBSNC's Medicare Supplement Plans (including Plan D), Blue Medicare, Blue Advantage® and Blue Options HSA plans are excellent choices. Direct Marketing has it all!

In our changing times, one thing is certain: The security that comes from quality coverage now is key to creating the individual health care and financial picture we'd each like to see in our future. There are many choices that www.ncinsuranceplansonline.com offers individuals of all ages.

Visit today and review these fine products.

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Source by Elliot Bigman