RENO, Nev. (KRNV & MyNews4.com) -- While the possible government shutdown looms, News 4 sits down with local experts to get a better understanding of the potential impacts the Affordable Care Act will have on Nevadans.
"It's a good thing, but it's also a bit scary, because of the cost associated with it. We don't know how it's all going to work and how it's going to play out," President of Clark & Associates Nevada, Inc. Valerie Clark says.
There's no question it is an historical time for our nation and we're walking into uncharted territory for the United States. While the government continues to battle it out, Clark explains some helpful information.
If all goes according to plan, beginning January 1, 2014, no one can be denied health insurance because of a pre-existing condition.
Also, adult children up to age 26 will continue to get health insurance on their parent's policies.
The health care reform also expanded the options of free preventive services for medicare consumers.
Clark says these laws will go into effect over the course of the entire year.
So what happens on October 1, 2013? Clark says state exchanges and businesses will start to lay out their plans for new health insurance.
Clark believes you can expect fewer options for PPO's.
"You'll see many more HMO plans which tend to manage your care a little bit more strictly. You'll see PPO and HMO networks that are much slimmed down much more narrow, meaning there will be less doctors and less hospitals on those networks. And you'll see plan designs that will have higher deductibles and higher co-pays and even in some cases no co-pays for benefits you had a co-pay for," Clark says.
Clark also explains that is what needs to happen in order to get costs down and actually be affordable for those who don't have enough income to spend on health insurance.
Her advice is to seek an insurance agent if you have any questions or concerns.
Clark Insurance Solutions 775.828.7420 or Toll-Free 888.505.1261