So the healthcare bill passed. So what? You were either for it or against it, and now you want to know definitively what it means to you.

Dependents up to age 26 can remain on their parents’ insurance. You might not have a life-long career planned the minute you graduate. Perhaps you want to spend a few years volunteering, backpacking through the Rockies or figuring things out. Or maybe you have applied to lifelong careers only to find out that college grads aren’t exactly selling this year. Either way you look at it, graduating seniors are a career-less bunch.

Well, now, regardless of what state you’re from, you can remain on your parents’ plan for a few more years after graduation.

Pre-existing conditions. Insurance companies will no longer be able to deny a child insurance coverage or payment for medical procedures based on pre-existing conditions. Effective this year, adults who have been turned down will be placed in a “high-risk pool,” and insurance companies will be banned from denying those people coverage or putting a cap on the dollar spending for any individual. Until now, insurers could deny coverage to a person who had a medical condition before applying for insurance. This ranged from asthma to diabetes to certain allergies or even pregnancy.

Cornhusker Kickback. Nebraska finally got some national political recognition during this healthcare fight, but nothing good. Currently, the federal government pays about 57 percent, on average, of the costs of Medicaid benefits. Nebraska is the only state that would have received 100 percent of the cost of expanding Medicaid after Sen. Ben Nelson (D-Neb.) made a deal with other democrats. After the reconciliation bill, the “Cornhusker Kickback” was extended to every state, so the federal government will pay all of the Medicaid costs until 2016, 95 percent in 2017, 94 percent in 2018, 93 percent in 2019 and 90 percent after 2019.

Abortion. Simply, while insurance covers abortions, it is funded by consumers’ co-payments. That means individuals will have to pay their own money for the procedure. One major issue facing representatives was the issue of abortion. While the issue of federally subsidized abortions was discussed, the reconciliation bill couldn’t change the provisions for abortions because reconciliation dealt only with budget qualms. Health plans can now choose whether or not to cover abortions. Because each individual state makes its own insurance exchange, it can choose to prohibit abortions in its insurance exchange.

Paying for the bill. This bill will cost $940 billion and insure 22 million more people. The major funds are going to come from fees and taxes for insurance companies and drug makers and cuts to Medicare Advance plans.