America has just passed a new health care bill that is very complex. This new bill affects everyone differently, which can leave you wondering how it can affect you. This bill is so complex that ever your neighbor can be affected differently than you.
Here is a layout of this new bill that will affect the majority of America:
The first part of the plan to take place in 2014 is the requirement of all low income families to have health insurance. If they do not have insurance, they will be required to purchase health insurance, or pay a hefty penalty in excess of $2,000.
If your family already has insurance, then it is likely you won’t see much of a change. There may eventually be a decrease in your rates, but this is not for certain.
With so many more people being added to the insurance pool, healthy and not, this will have an effect on whether or not your rates change.
There will be a raise in taxes on the higher income households to try and help cover some of the costs of the lower incomes required health care. There will be a cap in the tax amounts, but the higher income bracket can expect to see an increase of a couple thousand dollars every year.
Small businesses will feel it the most as they will also be required to purchase health insurance. However, there will be tax breaks, discounts, and subsidized discounts to help.
While all companies will be required to offer some kind of health insurance to their employees, there will still be some companies that will find a way around it.
It’s quite obvious that the biggest effect that this bill will have on the country is the required health care. However, there is still time to learn more about how to work with this new bill.
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