Tag Archives: Obama Care 2011

Affordable Care Act 2011

Affordable Care Act 2011 Timeline

January 2011: “Donut hole” in Medicare’s prescription drug plan begins to close and should be completely disappear by 2010.

Health Savings Account (HSA) and Flexible Spending Account (FSA) funds can no longer be used to pay for over-the-counter drugs.

80/20 Rule was implemented on the insurance companies

The 80/20 Rule generally requires insurance companies to spend at least 80% of the money they take in on premiums on your health care and quality improvement activities instead of administrative, overhead, and marketing costs.

The 80/20 rule is sometimes known as Medical Loss Ratio, or MLR.