As with the passing of the new health care insurance bill, the first seven reforms that will come into the picture will be in September 2010. This is the time that the first seven provisions will come into the picture.

The first thing that will be covered is that sharing for preventive care will be wiped out completely. All the health insurance plans will need to bring into effect the first dollar coverage for preventive care services.

All those beneficiaries who hit the doughnut hole will receive a rebate of $250. What is the doughnut hole? If your out of pocket expenditure is $2,830 and goes up to $6,440 in a year in prescription drugs then you will be eligible for this rebate.

If you are a young adult up to the age of 26 be it married, unmarried, student or not, you won’t have to go ahead and buy yourself another new insurance. You can continue to remain insured in your parent’s health coverage plan. This is a great boon for young adults who are just starting out in their career or are already indebted under huge student loans.

Therefore, there will be no separate health insurance for children until the age of 26. Also, children with pre-existing diseases will not be denied coverage. As long as your child under 26 does not have any other insurance coverage say from an employer, they will be eligible to be covered with the parents. This benefit can be claimed even by married children but it will not be applicable to their family which includes spouse and children.

In case of an emergency you need not worry about which hospital to go to as all the hospitals will be liable to accept the insurance. Also, there will be no extra levied for using the emergency services of a hospital that is not in the insurance company’s gambit.

The final objective of the new health reform bill is to ensure that all Americans have health insurance latest by 2014. Therefore, if you already have insurance there won’t be much of a difference except that you will have a wider choice of insurance companies to choose from.

You will have government and private insurance companies vying neck to neck for the customer. This will certainly bring down the monopoly that some insurance companies have in the market. The bringing down of the insurance premium will get one a wider coverage with the same amount of money.

There will be a whole lot of preventive care and screening that will ensure that any disease is caught in the initial stage and will not cost a whole lot of money later on. Therefore, the aim will be to keep people healthier especially the senior citizens who amount for almost 80% of the expenditure on the health care incurred by the government. These cost savings will ensure that the deficit in the US budget is reduced drastically over the years.