US Government ShutDown and ObamaCare...
On the other side, we'll do our best to bring you the most interesting negative aspects as well. Your input will always be our best content - So PLEASE keep it coming so we don't have to find out by way of your mom! She's got enough to do these days keeping up with YOUR bills...
Pros and Cons of "The Affordable HealthCare Act:
(or more commonly known as - ObamaCare... )
By now everyone has an option of Obamacare one way or another. However I wanted to give an overview of the FACTS (from the IRS website) of the NEW Health Insurance Law.
If you have any specific questions about your personal situation give me a call at 425-802-2783 or email me at firstname.lastname@example.org
Patient Protection and Affordable Care Act (3/23/2010)
Below is an overview of the NEW Healthcare Law in a straight forward non-partisan manner. Honestly there are positive and negative parts of any new law, it just depends on whether you are the one receiving more benefits or paying more money.
The Health Insurance Law provides coverage for approximately 30 Million more people. However about 26 Million people will be exempted from mandated coverage.
OBAMACARE HEALTH INSURANCE OVERVIEW:
Overview of NEW Health Insurance Law Provisions:
Health Insurance companies MUST pay at least:
Taxes that pay for the NEW Health Insurance Law
If you do NOT have Health Insurance the Tax Penalty with the IRS will be as follows:
2014 = $95 per person per year or 1% of your Income
Income Subsidies: (given as refundable tax credits)
Subsidies are aimed at people with incomes between 139% to 400% of the federal poverty level. The federal poverty level, which changes each year, is now $23,050 for a family of four, meaning a family earning up to $92,200 would be eligible for a subsidy, though it would be considerably smaller than those given to lower-income families.
How the Health Insurance Law impact business owners:
In conclusion, what does the NEW Healthcare Law really mean? Currently in Washington State 92% of people are accepted for Individual Plans. The 8% that are denied Individual coverage can get coverage in the High Risk Pool, yet is extraordinarily expensive for bare bones coverage. If you have an Individual Health Insurance plan at this time, starting in 2014 everyone will be on the same type of plans. This will cause the 92% to pay more and the 8% will pay less.
In essence you get what you pay for. The NEW Health Insurance law provides significantly stronger coverage, yet will cost more for this increased protection.
If you have any questions I would be glad to help you go over current benefits, or shop for another plan or carrier that would provide YOU with better benefits for the cost.