many insurance plans allowed children to be covered by their parent's family policies until age 26 already. I could only guess that Obamacare made age 26 the standard for all rather than inventing it. As to how long one must pay into a plan before receiving coverage, it's my understanding that private insurance companies are handling that part already. You'd be covered from the time the policy is in force. That would mean coverage would begin on Jan. 1st for those previously uninsured who had enrolled in the new plan. What one pays depends on some scaled formula. The government will subsidize the premiums for persons whose income qualifies them for assistance. It's my understanding that the fines paid by those who don't enroll are to go for that purpose. It's not like some annuity that pays benefits at a later pre-determined date.
The law, as it was written, was that people who were enrolled would have to pay for four years before getting any benefits from it.
Even though Obamacare was voted in in 2010, and some benefits (children under 26 could stay on their parents' coverage, and no one could be turned down for pre-existing conditions, for example) were started early, but nobody was actually enrolled in the program that doesn't actually start until 2014 (four years after it was passed into law).
Question......since there was nobody paying into it and they won't be until Jan 1, 2014, does that mean that nobody will actually receive benefits from Obamacare until 2018? And if that's true, how many people realize that they are going to be paying for something they won't have access to for four more years?