The Impact of the Affordable Care Act on Special Needs Planning

A special needs trust is essential for protecting a loved ones quality of life and access to government benefits.

A special needs trust is essential for protecting a loved ones quality of life and access to government benefits.

On March 23, 2010, the Affordable Care Act (ACA) was signed into law by President Obama.  This series of laws, also known as Obamacare, had and will continue to have a major impact on all aspects of our health care system.  No greater example of this can be found than that affecting the long term planning which must be done by members of the special needs community.

Beginning January 1, 2014, insurance companies are no longer able to deny coverage to adults for pre-existing conditions.  In fact, insurance companies are prohibited from denying coverage or charging more to any person based on their medical history, including genetic information.  Insurance companies are also required to offer and renew coverage for any applicant.

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