Your company's next health plan

  @Money July 26, 2013: 4:14 PM ET
rising healthcare costs

Companies that provide health care benefits to their employees will face new regulations in 2014.

NEW YORK (Money Magazine)

Even with the one-year delay in the Obamacare employer mandate, firms that do offer benefits will still need to comply with new rules.

The result: You could could see richer health care benefits.

Next year's health care goodies...

• No annual or lifetime cap on what your plan pays out.
• Children with preexisting conditions can no longer be denied coverage.
• You must be allowed to sign up for your company plan within 90 days of being hired as a full-time worker.
• After you spend $6,350 in network for a single, $12,700 for a family, in 2014, care is covered in full in most cases.
• Access to state-based insurance exchanges, with the promise of more affordable insurance

Related: Your health plan: The next frontier

...And why you may not get them

Your employer, however, might escape some of the new Federal rules, at least for a while. Here's how:

Why this doctor won't take insurance

  • Health plans that are launched or renewed as late as December can wait another year before implementing the changes.
  • Firms that self-insure -- that is, pay workers' medical bills themselves and hire an insurer to administer the plan -- can skirt the essential benefits requirement. Many companies with more than 200 workers already self-insure. Now firms with as few as 50 are considering it too, says Thomas Mangan, CEO of United Benefit Advisors.

Related: Obamacare delay passes insurance burden onto workers To top of page

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