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