First of all, politically, I have always supported President Obama in his quest for national health care. I think it is outrageous that a country as wealthy, both monetarily and intellectually, as ours, doesn't have universal health coverage for all of its citizens.
The Plan that recently passed is hardly perfect.
But it is a start, and for that, I'm grateful.
Still, it's going to be an interesting ride as we get used to the effects of this new legislation.
I mean that in both a good and a bad way.
For starters, my 19 year old daughter will now be covered under my employment policy until she's 26 instead of 21. I'm sorry I couldn't have offered that coverage to my four older daughters, only three of whom have any health insurance at all. Unfortunately, by this fall, when the coverage starts, all but one of my children will be over age 25.
That's the good news.
Then today, I discovered that not everything about the health bill is going to be healthy for my bank account.
One little-advertised effect is the impact on flexible spending accounts.
Beginning in January, 2011, over the counter drugs will no longer be covered. For me, this is a minor bummer since I currently get reimbursed for all my antacid, aspirin and cold/flu medications. Also, pre-tax deductions will be capped at $2500 a year. It only takes orthodontia for a couple of kids to reach that amount in the blink of an eye.
I am still in favor of universal health care. But I am also wondering what other surprises, helpful to me or not, are contained therein.