The layman is quite perturbed about how their lives will be affected by the passage of the health care reform bill. It has almost taken a year to craft the Patient Protection and Affordable Healthcare Act, more commonly referred to as the "healthcare bill". The new law may affect people in many ways.

Currently, many insurance companies do not allow adult children to remain on their parents’ plan once they reach complete 19 years of age. But, according to the new law, a child can stay on his or her parents’ insurance until he or she reaches 26.

Policyholders who fall ill will no more be dropped according to the new law, which earlier was done by several insurance companies.

This year, children will not be denied on the basis of their pre-existing health condition. Even adults can apply for coverage if they have a pre-existing condition, but not until 2014.

The health insurance companies used to set a maximum limit on the monetary amount of benefits received by the policyholder, which means he or she may run out of coverage if underwent an expensive medical treatment. This year companies will be restricted from capping the coverage.

According to the new law which will start from 2014, every citizen ought to be health insured otherwise he or she would have to pay the fine.