Starting next year, all health insurance policies sold in Ohio will be required to cover a broad range of federally mandated benefits, such as substance use disorder and mental health services, which are not commonly available in most health plans today.
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The Patient Protection and Affordable Care Act, signed into law by President Obama on March 23, 2010, requires most U.S. citizens and legal residents to have health insurance. It requires also each state to offer subsidized insurance plans to its residents through online Health Insurance Marketplaces, which:
- Will require health plans to include a core package of federally mandated essential health benefits.
- Allow individuals and families to purchase coverage with premium and cost-sharing credits for those with income between 133-400 percent of the federal poverty level.
- Impose new regulations on health plans designed to make their cost and services more transparent.
- Offer separate marketplaces for small businesses to purchase coverage.
- Require employers to pay penalties for employees who receive tax credits for health insurance through a marketplace, with exceptions for small employers.