The talk about healthcare reforms is up. What would be the changes? How the health insurance of an individual would be affected? Would there be specific changes in Texas? How the Affordable Care Act is beneficial?
Let’s start our discussion with some immediate benefits for Texas through this Affordable Care Act.
1. There would be tax credits for small businesses who offer affordable health insurance options to their employees. Through this, the Act seems to touch around 293,000 small businesses in Texas.
2. Medicare beneficiaries hitting Part D donut hole will receive extra help to defray the costs of prescription drugs.
3. Early retirees will be provided options for reinsurance.
4. The option for dependent children to stay in their parent’s health insurance policy will be extended to the age of 26 years.
5. Texas will receive $493 million federal dollars for provide coverage for uninsured residents with pre-existing medical condition.
6. Community Health Centers in Texas will be funded with more money.
7. Texas will have the option of Federal Medicaid funding for coverage for all low-income populations, irrespective of age, disability, or family status.
It is clear that there are many benefits that Texans would enjoy through the Affordable Care Act.
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