There’s a lot of concern about how much it will cost to buy health insurance on the new exchanges coming online later this year. Some states are predicting double digit increases in premiums. But beginning next year, if you don’t have coverage, you’ll pay a penalty. The individual penalty under the Affordable Care Act is $95 or one percent of your income, whichever is greater. So if you earn $40,000, you’d pay $400. That’s a fraction of what insurance will cost for most people.
About 3 million Californians — including 146,900 in the four-county Sacramento area — will be eligible for premium tax credits to help them pay for health insurance next year, according to a new study by Families USA.
Health and Human Services Secretary Kathleen Sebelius said she underestimated how long the politics of health reform would last and didn’t anticipate how much confusion the slow rollout of the legislation would create.
Health-care spending in the U.S. averaged $6,815 per person in 2009. But that figure varies significantly across the country, for reasons that go beyond the relative healthiness, or unhealthiness, of residents in each state.
What if there were a way for even small employers to escape some Affordable Care Act rules blamed for driving up costs? Some see self-insurance for medical care, which is exempt from the law’s taxes, benefit rules and price restrictions taking effect next year, as just such an opportunity.
Small-business owners across the U.S. are bracing for the health-care law that kicks in next year, fearing it will increase the cost of providing insurance to employees. But Rick Levi, a business owner in Des Moines, Iowa, is among those considering the government’s escape hatch: paying a penalty to avoid the law’s “employer mandate.”
Small-business owners are fed up with the U.S. government when it comes to health-care reform, rising energy costs and taxes, according to the U.S. Chamber of Commerce’s first-quarter survey of small businesses.
California has led the nation in implementing President Obama’s health reform law, and Californians are among its biggest supporters. Will that support be sustained as voters learn more about how the law will work?
California is using HHS PPACA funding to pay for the SHOP administration contract from now until the end of 2014, exchange officials said. Starting in 2015, Covered California will use its own revenue to pay for the contract, officials said.
The legal fight against “Obamacare” was led by a group describing itself as the United States’ “leading small business association,” and many of those worried or angry about the health reform law are entrepreneurs concerned that it will limit growth or even threaten their small businesses’ existence.
The legal fight against “Obamacare” was led by a group describing itself as the United States’ “leading small business association,” and many of those worried or angry about the health reform law are entrepreneurs concerned that it will limit growth or even threaten their small businesses’ existence. That doesn’t mean, however, that small businesses uniformly oppose the Patient Protection and Affordable Care Act, which, as of January 2014, will require most Americans to obtain health insurance and potentially impose hefty fees on many companies that don’t offer their employees coverage.
The Obama administration is delaying the start of a key piece of the Affordable Care Act. Workers in small businesses will have to wait an additional year to be able to choose from more than one plan in the marketplaces that start next January.
California Insurance Commissioner Dave Jones lashed out Tuesday at another double-digit rate hike for thousands of small businesses getting their health insurance from industry giant Anthem Blue Cross.
The California Health Benefit Exchange or Covered California, California’s version of “Obamacare” is coming in January, 2014, with applications being accepted in October, just 6 months away. Applying should be easy, but any application for family health insurance, even this new program, can be tricky. Navigating Covered California could be overwhelming and many misunderstandings about the program exist. Collins Insurance works hard to help educate clients about this important coverage and offers tips for successful applications.
When former California Insurance Commissioner Steve Poizner was reviewing health plan options in 2011 for his online education start-up Empowered, he picked a little-known company called SeeChange Health. “We’re being a pioneer, but we’re really excited about this in terms of spiraling health care costs,” says Poizner, who has 50 employees.