State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
October 06, 2008
Bush Enacts Mental Health Parity Law

Insurance companies must cover mental and physical illnesses equally, under a provision included in the so-called bailout legislation signed into law October 3 by President Bush (Emergency Economic Stabilization Act, H.R. 1424).

The provision is the culmination of years of effort by legislators to expand upon the 1996 Mental Health Parity Act, says Sen. Pete V. Domenici (R-New Mexico), who co-authored the 1996 Act and was a lead sponsor of the current parity legislation.

"No longer will we allow mental health to be treated as a stepchild in the health care system," Domenici said. "If you have insurance, then your mental health care must be equal to the benefits you get for any other disease."

The new law expands parity to include deductibles, co-payments, out-of-pocket expenses, co-insurance, covered hospital stays, and covered out-patient visits. Companies with less than 50 employees are exempt.

Link

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB02
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Benefits-Leave/Healthcare-Insurance/Bush-Enacts-Mental-Health-Parity-Law/