The Affordable Care Act, which many have taken to calling "Obamacare," requires anyone with preexisting problems cannot be excluded from medical insurance plans. However, to get them onto plans means somebody will have to pay to get them insured. Everyone with insurance through companies will foot the bill, to the tune of $63 per year starting in 2014.
Preexisting conditions tax to start in annually
People should be able to get insurance coverage if they are willing to pay premiums no matter what the situation is. Even people with preexisting medication problems should have the ability to get covered.
It is not inexpensive to add someone with preexisting problems to insurance though. In fact, it is really expensive because it is known a ton of medical treatment and coverage will be needed. The money has to come from someplace now that the Affordable Care Act needs insurance agencies give coverage to those with preexisting conditions, thanks to the Obama administration.
People who already have insurance and businesses buying it are now going to end up paying the extra costs, according to CBS. Between 2014 and 2017, $25 billion needs to be elevated somehow, though the requirement does not start until 2014.
Fee to be problems
Everyone presently insured will have to pay a fee, according to ACA's text, to be able to pay for the preexisting conditions. Every business that gives insurance to workers will have to pay the fee, and about 190 million people who get insurance through employers will end up having to pay the fee.
If businesses pass on the fee to workers, then workers will have to pay $5.25 a month. That may not lead to getting payday loans or change your lifestyle, but it could still hurt. It expenses $63 per insured person per year, according to Salon.com. Companies will pay higher bills if they are larger and smaller bills if they are lower.
In 2017, the fee will phase out totally, and it will drop annually starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Should be called the Robin Hood bill
It seems like a really nice idea to help get health insurance for other people, but a number of people are likely to have to put even more in if everyone is going to be able to get coverage. The ACA demands that another $700 billion be elevated in the next ten years on top of the $25 billion for those with preexisting conditions.
Many people are seeing their premiums increase slowly because of the health care law. Last year, only 10 percent of companies with over 500 workers increased health insurance premiums. This year, another 12 percent did so, according to HR consultancy Mercer. People are going to be paying more next year for health insurance than this year too, according to the Washington Post.
Preexisting conditions tax to start in annually
People should be able to get insurance coverage if they are willing to pay premiums no matter what the situation is. Even people with preexisting medication problems should have the ability to get covered.
It is not inexpensive to add someone with preexisting problems to insurance though. In fact, it is really expensive because it is known a ton of medical treatment and coverage will be needed. The money has to come from someplace now that the Affordable Care Act needs insurance agencies give coverage to those with preexisting conditions, thanks to the Obama administration.
People who already have insurance and businesses buying it are now going to end up paying the extra costs, according to CBS. Between 2014 and 2017, $25 billion needs to be elevated somehow, though the requirement does not start until 2014.
Fee to be problems
Everyone presently insured will have to pay a fee, according to ACA's text, to be able to pay for the preexisting conditions. Every business that gives insurance to workers will have to pay the fee, and about 190 million people who get insurance through employers will end up having to pay the fee.
If businesses pass on the fee to workers, then workers will have to pay $5.25 a month. That may not lead to getting payday loans or change your lifestyle, but it could still hurt. It expenses $63 per insured person per year, according to Salon.com. Companies will pay higher bills if they are larger and smaller bills if they are lower.
In 2017, the fee will phase out totally, and it will drop annually starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Should be called the Robin Hood bill
It seems like a really nice idea to help get health insurance for other people, but a number of people are likely to have to put even more in if everyone is going to be able to get coverage. The ACA demands that another $700 billion be elevated in the next ten years on top of the $25 billion for those with preexisting conditions.
Many people are seeing their premiums increase slowly because of the health care law. Last year, only 10 percent of companies with over 500 workers increased health insurance premiums. This year, another 12 percent did so, according to HR consultancy Mercer. People are going to be paying more next year for health insurance than this year too, according to the Washington Post.
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