The Affordable Care Act requires Blue Cross to expand your coverage in 2014. Here are some required changes that may impact your health plan and your costs this year.
More comprehensive coverage
Blue Cross now covers 10 categories of required benefits called “essential health benefits.” This coverage is more comprehensive and costly than what many individuals buy today. It includes:
Changes to monthly rates
Blue Cross can no longer base your monthly rate on your medical history. Costs for higher risk people enrolling with Blue Cross will be shared among everyone that is covered.
Pre-existing conditions are covered
Blue Cross now covers pre-existing conditions, which are illnesses or injuries that existed before the health plan coverage began. In addition, no one can be denied coverage based on their health, so costs for higher risk people enrolling with Blue Cross will be shared among everyone that is covered.
Many uninsured Minnesotans will now have access to coverage. The uninsured are expected to have a pent-up demand for health care that will tend to raise the overall use of health care, and these costs will be shared among everyone that is covered.
New taxes and fees
There will be new taxes and fees on coverage for you and your family. These taxes and fees will raise your monthly rates.