Bailout Benefit?

One of the many provisions to find its way onto the much-discussed Federal bailout bill addresses equity in coverage for insured employees suffering with mental illness and addiction disorders. These requirements will be imposed on employer groups of 50 employees or more. The effective date, for most health plans, will be January 1, 2010.

The following article from the New York Times gives a good summary of the legislation. As always, please let me know if you have questions about this and how it could impact you and/or your group health plan. . .Tom

Bailout Provides More Mental Health Coverage

By ROBERT PEAR
Published: October 5, 2008

WASHINGTON – More than one-third of all Americans will soon receive better insurance coverage for mental health treatments because of a new law that, for the first time, requires equal coverage of mental and physical illnesses.

The requirement, included in the economic bailout bill that President Bush signed on Friday, is the result of 12 years of passionate advocacy by friends and relatives of people with mental illness and addiction disorders. They described the new law as a milestone in the quest for civil rights, an effort to end insurance discrimination and to reduce the stigma of mental illness.

Link to complete article HERE.

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