this answer depends upon your current coverage. if you are among the nearly 60 percent of americans who receive coverage through your employer it is likely not much will change but it depends. many insurance plans generally change on their own from year-to-year regarding what they will cover and for how much unrelated to the health reform law. those that do not change substantially will be considered “grandfathered plans” and are not subject changes made by the affordable care act (aca). those that do change must comply with the aca by instituting new insurance reforms such as not excluding individuals with pre-existing conditions and banning lifetime limits on coverage. the biggest changes occur in health insurance exchanges and the medicaid program. every state will operate a marketplace where private health plans can compete for individuals called the “health insurance exchange. ” states may choose to also expand medicaid to anyone who earns up to 138 percent of the federal poverty level ( $15 856 for a single person in 2013) offering more coverage options for low-income americans. finally if you receive coverage through medicare your plan is largely unchanged.
will i be able to keep the coverage i have now once health reform goes into effect?