This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Who's Going To Get Free Birth Control?





So you ring up your birth control prescription at the pharmacy this month and the clerk says "that will be $0." Cha-ching. You can't beat that price.

But unfortunately the more common scenario is that the clerk asks for the $10, $20, or $35 co-pay they've asked for every month. What happened to the "free preventive care services," including contraception, that were promised under the Affordable Care Act, anyway?

The Affordable Care Act has been slowly rolling in requirements for preventive-care benefits in which most insurance plans must cover and eliminate cost-sharing for recommended preventive health services, including contraception. (Health plans that are "grandfathered" in don't have to comply yet.) Zero cost contraception was welcome news to many women.

Under the law, women should have access to the full range of FDA-approved contraceptive methods at zero cost, as well as patient education and counseling. This includes, but is not limited to, a range of pills, the ring, the patch, the shot, implants, hormonal intrauterine devices, non-hormonal intrauterine devices, barrier methods and sterilization procedures.

But when it comes to free-contraception benefit, there has been some confusion. It turns out there are different dates for when the contraceptive benefit becomes available.

For some plans it went into effect Aug. 12, 2012. Grandfathered health plans can wait until 2014.

"Groups that were grandfathered, which meant they had policies in place at the time the law went into effect and they haven't changed at all in terms of deductibles and co-pays, are exempt from adding the preventive coverage until January 2014," says Lynda Feder, treasurer of the New Jersey Association of Heath Underwriters (NJAHU) and an insurance broker who works with small employers.

What contraceptives are covered?

There's also confusion about which contraceptives will actually be free. The Affordable Care Act says "all FDA-approved contraception as prescribed" should be covered. However, many women are finding that their insurers cover only a few contraceptive choices, or cover only generic prescriptions, or haven't renewed the policies yet and so the benefit hasn't kicked in.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,570.21 +213.34 1.23%
S&P 500 2,033.96 +21.07 1.05%
NASDAQ 4,700.5110 +56.1990 1.21%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs