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Obamacare removes caps on benefits

Published September 28, 2013 1:01 am

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

In the 1990s I was uninsured and uninsurable because of a pre-existing condition, hemochromotosis (iron overload).

Upon eligibility for Medicare, I became insurable notwithstanding my pre-existing genetic condition.

To my surprise Medicare was not major-medical coverage, there was a "cap" on benefits. When the payout for a medical problem reached a certain figure, I would no longer receive benefits, I would be on my own.

Thankfully, Obamacare removed the "cap," partially upon signing in 2011 and fully effective Jan. 1, 2014. Since a significant portion of bankruptcies are for medical debts, this law should greatly help in protecting my assets and everyone's assets. We will no longer be financially vulnerable to a medical insurance industry drive-by shooting.

The removal of caps on benefits and the removal of "uninsurability" for any reason are extremely important to me. I am eagerly waiting for Jan. 1, 2014.

Jerry Crouch

Salt Lake City