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Post by Admin on Nov 1, 2013 9:56:19 GMT -7
Welcome to your new ProBoards forum! If you need any assistance with your new forum, our staff is available to assist you seven days a week. Please visit our Support Forum at support.proboards.com. |
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Post by Admin on Nov 3, 2013 12:36:08 GMT -7
The Affordable Care Act expands the affordability, quality, and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes, insurance exchanges, and other reforms.
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Post by Admin on Nov 3, 2013 12:37:19 GMT -7
What Will ObamaCare Cost Me?
ObamaCare will cost most of us between 3% and 9.5% of our income after cost assistance. Cost assistance is give to low-to-middle income Americans who shop on the Health Insurance Marketplace (an online marketplace for insurance that is established by ObamaCare. See our guide to learn more about signing up for ObamaCare).
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Post by Admin on Nov 3, 2013 12:40:49 GMT -7
The Affordable Care Act expands the affordability, quality, and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes, insurance exchanges, and other reforms. |
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Post by Admin on Nov 3, 2013 12:41:02 GMT -7
How Much Does ObamaCare Cost The Average American?
"Bronze" plans for individuals are expected to cost between $4,500 and $5,800 a year in 2016. But if you make less than 4 times the Federal poverty line (about $45,000 for an individual in 2012), you’ll pay less by virtue of receiving tax credits. Someone making up to 133% of the FPL will get credits so that his net payment will be only 2% of income, while those making 300% to 400% of FPL will pay 9.5% of FPL. Please see the FPL chart below for more details.
Please note that while ObamaCare regulates insurance companies, you will still be purchasing private insurance (unless you choose to pay the penalty or are already covered).
Check out this map of ObamaCare's Costs on the official whitehouse.gov website.
Costs of ObamaCare for Small Businesses
While most people and small businesses in the United States will benefit from Obamacare, Obamacare will cost employers with over 50 full-time employees a penalty if they do not choose to provide their workers with affordable, quality health care. The tax is $2000 per worker or $3000 if they buy insurance through the exchange.
This system is like the current unemployment tax already in effect, which requires American businesses to pay a modest and fair tax to aid the state run unemployment and workers compensation programs. With ObamaCare, the penalty helps pay for workers who will buy insurance through the exchange or need emergency services, both which will drive the cost of health care up for the rest of us.
Types of ObamaCare Cost Assistance: Marketplace Cost Assistance
There are three types of cost assistance offered through the Health Insurance Marketplace tho those making under a certain amount of income who don't have access to employer based insurance. Medicaid / CHIP for those making less than 138% of the Federal poverty level (FPL), help with out-of-pocket costs for those making up to 250% of the FPL and premium tax credits for those making up to 400% of the FPL. You may qualify for both premium and cost-sharing subsidies as they are not mutually exclusive. Cost assistance is only available through your State's health insurance marketplace.
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Post by Mike Hewett on Nov 3, 2013 13:40:31 GMT -7
Are you kidding? The fact is that I have been charged with expensive health coverage, and i don't need it!
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Post by Admin on Nov 9, 2013 17:14:35 GMT -7
Starting January 1, 2014, if someone doesn't have a health plan that qualifies as minimum essential coverage, he or she may have to pay a fee that increases every year: from 1% of income (or $95 per adult, whichever is higher) in 2014 to 2.5% of income (or $695 per adult) in 2016. The fee for children is half the adult amount. The fee is paid on the 2014 federal income tax form, which is completed in 2015. People with very low incomes and others may be eligible for waivers.
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