2nd Quarter 2010 Newsletter – Edition 4

Download the 2nd Quarter 2010 Newsletter

Newsletter 2nd Qtr 2010Featured In This Issue:

  • Health Care Reform – Timeline for the year 2010 & 2011
  • Rick’s Sheds & Gazebos

In this ever changing world of Health Insurance, all of us at Caise Financial are here to answer your questions. Since the passage of the Patient Protection & Affordable Care Act, we hope this will provide more competition and when this happens we will be there for you!

In the next 10 years the new health care bill will spend about 350 billion dollars for 24 million low & middle income Americans who will be mandated to purchase health insurance. What was not addressed in this law however was the cost associated with this expensive approach to medicine. Will insurance premiums go up? Absolutely! Will we have fewer students
who want to become physicians? The trend has already shown this to be true. How are we going to provide health insurance to 32 million more people with fewer doctors?

In recent years we have seen new businesses created such as Personal Trainers, Business Coaches, and Life Coaches, etc. We at Caise Financial are providing an individual health insurance consultant for everyone who schedules an appointment to review their health insurance with us. Call us today to schedule a time to review your health insurance with your personal consultant. Our clients have had this service for a number of years now on an annual basis at no charge to them!
We are here to answer all your questions going forward on all the changes in our health care.

Joe Cisco
President, Caise Financial

Health Care Reform – Timeline for 2010 & 2011

Below is a high-level overview of the timeline. It is important to note that many of these reforms and their effective dates are subject to the rules and regulations process both at the state and federal levels – which could alter the intended timing of implementation.


New Programs:

  • Temporary retiree reinsurance program is established
  • National risk pool is created, small business tax credit is established
  • $250 rebate for Medicare members who reach the “doughnut hole”

Insurance Reforms:

  • Prohibits lifetime benefit limits – based on dollar amounts
  • Allows restricted annual limits on the dollar value of certain benefits
  • Coverage rescissions/cancellations are prohibited (except for fraud or intentional misrepresentation)
  • Cost-sharing obligations for preventive services are prohibited
  • Dependent coverage up to age 26 is mandated
  • Internal and external appeal processes must be established
  • Pre-existing condition exclusions for dependent children (under 19 years of age) are prohibited
  • New health plan disclosure and transparency requirements are created


Insurance Reforms:

  • Uniform coverage documents and standard definitions are developed
  • Minimum medical loss ratios are mandated

Medicare Reforms:

  • Medicare Advantage cost sharing limits effective
  • Medicare beneficiaries who reach the doughnut hole will receive a 50% discount on brand name drugs
  • A 10% Medicare bonus will be provided to primary care physicians and general surgeons practicing in underserved areas, such as inner cities and rural communities.
  • Medicare Advantage plans would begin to have their payments frozen.


  • Employers are required to report the value of health care benefits on employees’ W2 tax statements.
  • Annual industry fee for pharmaceutical manufacturers of brand name drugs.
  • Voluntary long term care insurance program would be made available to provide cash benefit for assisting disabled individuals to stay in their homes or cover nursing home costs. Benefits would start five years after people begin paying a fee for coverage.
  • Funding for community health centers would be increased to provide care for many low income and uninsured people.

Download the full 2nd Quarter 2010 Newsletter