Many, many business owners and individuals are putting off making smart changes to their insurance plans in anticipation of Health Care Reform. I’ve even had people tell me point blank that as of January 1, 2010 (11 days ago), all exclusions for Pre-Existing Conditions Were Done Away With. Hardly. It just doesn’t happen that fast.
In fact, when I visited DC this summer and lobbied Senators and Congressmen for Health Care Reform (fix access, lower cost, leave everything else alone) they told me that Health Care Reform would be parceled out in two separate and distinct parts:
Part II, the changes to access for those with Pre-Exisiting Conditions, etc. would start in 2013 or 2014.
Part I, income tax rate increases and new taxes on medical and other items, would start right away.
Gee, this kind of seems backwards but the reason is, they explained to me, is that the price tag for Health Care Reform is well understated and the tax hikes won’t be enough. But if during the first 10 years of Health Care Reform they tax us for the first 10 years (2010 thru 2019) but only make changes (e.g. improvements) for 5 or 6 years (e.g., 2013 thru 2019), it will make it appear, after these 10 years, that there were enough taxes. This means for most of us, we will not be getting much information about the imbalance of cost vs. increased taxes for what, 15 years? We’ll be on Mars by then and probably well on our way to Jupiter and we will not really be all that sure what happened in the Fall of 2009. A bad year all around.
Is there a concrete point to all this. Yup, you bet. And that is, the Best Health Care Reform, the Best Insurance Reform, the Best Financial Reform, is a GREAT Insurance Broker. Don’t wait for the government to save you money or for some other miracle to happen. Pick up your phone, and call a good Broker. Ask he or she how to be smart with your insurance money!
Thanks for listening!~