If you take the equation of politics, and analyze new reforms health set up by President Obama, you can see that the idea is positive. Make affordable health insurance is a big step.
ObamaCare, the health reforms have been come to be known, has been the focus of much debate and controversy. Here is a simple explanation of the situation of Forbes.com. With Open Registration date approach to the protection of patients and officially titled Affordable Care Act (PPACA) drawing near, here is a look at some key factors of this historic legislation.
- Law. The Affordable Care Act is a comprehensive program that covers various aspects of the health sector in general. The essential parts of the law that affects all Americans is the mandate that everyone must have a minimum coverage "essential", and the introduction of subsidies to private insurance and Medicaid managed by the government to help fulfill this requirement .
- The additional grant option. The Medicaid expansion grant helps individuals and families earning less than 133% of the federal poverty level, receive reduced or free health care. Currently, 26 states offer this extension of Medicaid. Families could be eligible for subsidies based on family size, income, age of registered and state of residence.
- deadline. For calendar year 2015, there is an open enrollment period from November 15 e , 2014-15 February e 2015 for those who are not covered by Medicaid, Medicare or health insurance through the workplace. Under certain conditions, called "qualifying life event", you can still qualify for a special enrollment outside of the open enrollment period. Although, you can apply for Medicaid and Medicaid children at any time. [
- the penalty tax penalties came into force in 2014. so if you were still uninsured after March 2014, you are required to pay the penalty tax payable when you file your tax returns on 2014 income. the penalty in 2014 will be 1.0% of taxable income or $ 95 per adult and $ 47.50 per child (up to $ 285 per family), whichever is greater . in 2015, the figure will rise to 2.0% or $ 325 per adult and $ 162.50 per child (up to $ 975 per family), and 2.5% or $ 695 per adult and $ 347.50 per child (up to $$ 2085 per family) in 2016. After that point, the rate will go up based on figures from the cost of living related to the period.
So, if you are not already insured, use the next open enrollment period for health insurance purchase your policy.
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