How health insurance market (exchange) will affect you?

How health insurance market (exchange) will affect you

Believe it or not, more than half of 2013. 2 half of the year we start, whether you realize it or not, you can hit some big changes coming. We have more than health care reform in our country in 2010 and distributing large PPACA (Obama Care) to death when it was not before. Since then, the health insurance industry, most likely small changes in the insurance policy of your health. However, most of these changes, and a lot of people have gone unnoticed one.

All that is about to change! January 1, 2014, and reform of legislation to implement four of the biggest changes are in the pipeline. "The rubber will meet the road," and it is in the process of theory. This is a great achievement of our national debt or any other financial burdens or not, only time will tell. But, you are expected and / or your business and that is the best decision for you is to understand what is important now.

4 are the biggest changes:

All U.S. citizens and legal residents PPACA qualified individual mandate to buy health insurance coverage is required. If not, then 1 percent of the income of your family, a fine of not less than $ 95 will be paid. 2085 dollars in fines or up to $ 695 per capita income in 2016 rose to 2.5 percent.

Coverage - Coverage guaranteed for pre-existing conditions can not be refused. The same coverage and cost will be able to achieve it.

Health insurance market (exchange) - for individuals, small businesses, and the federal government and some states, insurance agent / Broker addition to the traditional procedure to get access to health insurance exchanges will provide. In fact, some insurance agents / brokers are planning both at home and abroad Securities will provide federal or state. Two important points are 1.) Has only one person to be eligible for support and 2), and small business through the exchange of federal or state may be eligible for a tax exemption for small businesses. Registration is open to exchanges this year, October 1.

Pay or play 50 (FTE / full-time equivalent) employees or more rules to deal with, and a cheap way "minimum essential coverage" health plans offered to employees or pay a fine is necessary. If the business does not provide coverage, penalties or (# F staff / T minus 30 times $ 2,000) will be less ($ 3,000 once subsidies for coverage through the Stock Exchange # get the F / T employees). If the death is determined monthly on the basis of 1/12 times those amounts are not in compliance with # month they will pay.
Is the largest, but so far the only changes coming in 2014. How will this affect you? The best approach for you to know? For some people, you can not see much of a difference. Exchange with is spoken.