With doing tax updates this year, there are not a lot of changes, because Congress has yet to come up with a plan. Hopefully soon.
However, more and more comes out about Obamacare in my tax updates. As you know, or may not know, the IRS is monitoring Obamacare, and a person either qualifies for a subsidy, or pays their penalty on their tax return, starting on their 2013 tax return.
The penalty for a company to not offer health insurance is 2k for each employee over 30, but that is less than most employers pay now for their employees health insurance. For example: My wife's family health insurance is 15k a year, but her employer pays 13k, she pays 2k in premiums throughout the year. The 2k penalty is less than the 13k they currently pay, so they will eventually stop offering health insurance, and pay the government penalty of 2k each employee over 30 employees.
Within 10 years 75% of Americans will have been moved to the government plan, and the lucky 25% will still be able to afford private insurance.
The government plans are offered through "exchanges" that will be set up in each state. Similiar to welfare offices, where you go sit, and wait for your number to be called.
There are 4 plans to pick from:
Premium = Government pays 90% of healthcare costs, and you pay 10%
Gold = Government pays 80%, you pay 20%.
Silver = Government pays 70%, you pay 30%.
Bronze = Government pays 60%, you pay 40%.
You go in for an x-ray that costs $700, you pay $70 out of pocket, if you are lucky enough to be able to afford the Premium plan.
Instead of getting your health insurance from you employer, you will eventually get it through the government exchanges, pay for it, and then still have a patient responsibility. How about that "free" healthcare?
"I think you can add CAT to that. AT&T and CAt were the first two companies I think I read that consider paying the PENALTY rather than covering their employees. Yes, I too, believe more and more companies will be eliminating health care because of OBAMA."
Yes and what happens to the costs of Obamacare? The budget for this is not taking into consideration one by one these major companies dropping your coverage. I want MY coverage, not Obamacare!
Wow wal, infn, and rvga can't be as stupid as their posts, can they? Again, Google what I have typed. A monkey could do the research, so you guys "might" be able to do it. If you need help, call someone on your Obama phones and ask for help.