Although
insurance talk isn’t exactly engrossing to most of us, it sure ain’t cheap. In
other words, it’s important to be familiar with the Affordable Care Act
legislation and the evolution of its impact on you—yes you—the new mother.
Under
this landmark legislation women are granted progressive benefits with regard to
maternity and postnatal care and supplies. Specifically, breastfeeding care and
support are considered.
So you
see, this stuff is important and pertinent. As such, we’re talking about it
again with a focus on two changes that go into effect this New Year.
Note the
following:
In 2016,
the minimum penalty for individual mandate non-compliance is going up a lot.
This is
important to note for two reasons. If you do not have health insurance you are
losing out on advantageous healthcare provisions (things like covered breast
pumps!) and the financial penalties you will incur at tax time will hurt your
household budget even more this year.
For more
on this change visit here.
In 2016,
the employer mandate will go into full effect.
This is
important to note as the healthcare plan offered through your employer might be
changing. The ACA has different requirements for employers based on the size of
the company and an initial grace period for companies to make adjustments
without irrecoverable and unforeseen expense. As we are now more than a few
years into the legislation, these requirements are changing, meaning you could
be eligible for more comprehensive coverage or afforded an allowance for the
private exchange.
For more on this change visit here and here.
For more on this change visit here and here.
This New Year, make sure you know what you're entitled to and what that means. As a new or expectant mother under the ACA, it's a whole new world full of glorious things like...oh, we don't know...covered breast pumps, maybe.
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