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Health Care Reform Facts

  • Health Insurance offered through state exchanges will start Jan 1, 2014 (states are required to establish exchanges)
  • Employers with 50 or less employees are not required to offer health insurance to employees
  • Effective Jan 1, 2014, insurance carriers will no longer be able to turn away people on the basis of a pre-existing condition
  • Effective Jan 1, 2014, the waiting period for group health coverage cannot exceed 90 days
  • Adults who do not have any form of coverage will pay a $95 tax penalty the first year, $47.50 per child, up to $285 for a family, or 1% of income, whichever is greater
  • Lifetime dollar limits on essential benefits are prohibited
  • Contributions to Flexible Spending Accounts (FSA’s) will be capped at $2,500 in 2013
  • If you are under 50 full time employees, we can help your employees enroll in qualified individual plans
  • Full time employment is considered 30 hours per week
  • For employers with over 50 full time workers, the employee contribution for health coverage cannot exceed 9.5% of the employee’s household income
Healthcare Reform