En español | In March 2010, Congress enacted the Affordable Care Act, which is a health care law that brings a number of benefits to all Americans, including people age 50 and older. Many provisions are now in place. Others are being phased in over several years.
- Children can't be denied health insurance because of a preexisting condition.
- Young adults up to age 26 can remain on their family’s health insurance plan.
- Health insurance plans must cover more preventive services.
- Insurance companies can no longer drop your coverage if you become sick nor can they place lifetime dollar limits on health coverage.
- People with Medicare receive a 52.5 percent discount on brand-name prescription drugs and a 21 percent discount on generic prescription drugs while in the doughnut hole.
- Health Insurance Marketplace enrollment will begin Oct. 1, 2013
- Coverage through the Health Insurance Marketplace begins.
- Premium subsidies are available for people with limited incomes who buy health insurance through a marketplace.
- More people who have a limited income are able to apply for Medicaid.
- Insurance companies can’t put annual limits on health coverage.
- Insurance companies can no longer deny anyone health coverage because of a preexisting condition.
- People with Medicare get discounts of 52.5 percent on brand-name prescription drugs and 28 percent on generic prescription drugs while in the doughnut hole
- The Medicare Part D doughnut hole is closed.
Updated August 2013