Health Care reform and its affects on individual and group health insurance coverage.
August 23rd, 2010
www.moorebenefitsinc.com A lot of people are wondering how the new health care reform will affect them? And, it will impact everybody in some way, I think the way that it’s going to be most helpful is that it will increase access to health care to alot of Americans. The very first segment who will be impacted are people under the age of 26. Employers who offer health coverage to their employees and who provide dependent coverage will be required to allow employees to keep dependents on the health coverage up to age 26 and that’s even if they’re married and not dependant upon them for support. Another increased access is that an insurance company will no longer be able to limit coverage to people who have pre-existing conditions. That means people who are already experiencing health problems will still be able to get insurance which is exactly what insurance is there for. If you are an employer and you offer health insurance to your employees you may be eligible for a small business tax credit. You have to have less than 50 employees and there are income guidelines which may or may not apply to you. In 2014 when most of the provisions roll out if you’re an employer and you have 50 or more employees, you’ll be required to offer health insurance to those employees. Where as right now, employers are not required to offer health care to employees. If you have over 50 employees and you don’t offer health insurance and your employees have to use a voucher to get it through the …
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