Healthcare Reform Quick Facts
Required to Buy Health Insurance?
Change Can Be Scary. We’re Here to Help.
The Affordable Care Act (healthcare reform bill) is now in effect. We understand that words like navigator, exchanges, subsidies, tax rebates, affordable healthcare, penalties, etc. can be confusing to any individual or employer.
As a leader in the employee benefits industry Business Solutions is committed to making your journey thru Healthcare Reform as simple as possible. Please visit http://healthreform.kff.org and www.healthcare.gov to get up-to-date information on the Healthcare Reform Timeline and other important information.
Now, more than ever before, it is important that you pick a broker/consultant that is both knowledgeable and experienced.
Health Reform Subsidy Calculator
Beginning in 2014, tax credits will be available for people under age 65 who purchase coverage on their own in a health insurance Exchange and are not covered through their employer, Medicare or Medicaid.
The Henry J. Kaiser Family Foundation created a tool that allows users to examine the impact of healthcare reform at different income levels, ages, family sizes, and regional costs.
Please note that premium calculations are consistent with estimates of premiums under reform prepared by the Congressional Budget Office (CBO).
CBO projects that average premiums under reform for the same level of coverage for a given group of enrollees would be 7-10% lower than under the status quo. However, in many cases coverage will be more comprehensive and accessible than what is typically available today in the non-group market. As a result, 2014 premiums in the calculator cannot necessarily be compared to what people buying insurance on their own are paying in 2010.