August 27th, 2010
The government in all its wisdom has put a price tag on The Patient Protection and Affordable Care Act and it is about time you were enlightened further to what it can cost you and your family. The standard health insurance for a family is now capped at thirteen thousand dollars and for an individual at nine thousand five hundred dollars.
If you, through your employer have or attain an affordable health insurance policy that exceeds what the government mandate is will be taxed for exceeding the government-mandated recommendation. If your new affordable health insurance policy is paid through your employer and a portion of that health insurance policy is deducted from your salary each payday, hold on to your wallet.
It will now cost you more to maintain a mandated health insurance policy that is worthless when you need, or your family needs to see a medical health care provider. The waiting period to see a medical health care provider can be as long as three months. How well with this play out when your child has a high fever and you want to make an appointment with a pediatrician.
You may have had a pediatrician you were seeing in the past, but under the rules, laws, and regulations of this new health insurance bill you will not know whom you will be taking your child to see because many medical health care providers are leaving the system. Fewer medical health care providers and the addition of about thirty million more individuals added to the health insurance roster will cause a logjam of sizeable proportions.
Then there are the thousands of union employees who have a much sweeter than average health insurance plan, costing about twenty-five thousand dollars a year to twenty -seven thousand dollars a year. Those union employees who choose to keep their current health insurance policy will be taxed at the rate of forty percent per health insurance policy, per year. Now that is a great present from the government who leaned on the union members, right.
We the people are about to reach the saturation point where it makes it unproductive to continue to remain in an employers employ. By the time all the old taxes and the additional taxes are levied, along with health insurance costs, it is almost pointless to continue working. Where will all of this leave you and your family? Will you be able to hold on and get through this with the intention of better days ahead?
Tags: health care, health care plans, health care policy, Health Insurance, health insurance plans, health insurance policy
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August 23rd, 2010
The Patient Protection and Affordable Care Act have begun to take effect among we the people in slow, subtle, incremental changes. How will this new universal health care affect you and your family? Will you fare better under this new style of health insurance delivery or will it cost you more in money and in time.
It still remains too soon to tell how this will be playing out over the next few years, but the cost will continue to creep upward with less health care services being delivered. More changes that are forthcoming effective January 1, 2013:
1. There will be a two thousand five hundred dollar cap on all contributions to flexible health insurance spending accounts per individual, per year
2. The tax deduction that employers receive for subsidizing the health care prescription medication costs of their employees who are eligible for Medicare Part D is eliminated
3. A new 2.9% excise tax on the sale of medical devices becomes effective. Items such as glasses and hearing aids are exempt
4. Hospital insurance tax increases by .09% for individuals earning two hundred thousand dollars or more and for families earning two hundred fifty thousand dollars or more
5. Requirements on all health insurance providers to implement uniform standards for exchanging health insurance information by electronic communication, to reduce administrative costs
6. The threshold for claiming itemized deductions for health insurance expenses increases to ten percent of your Internal Revenue Service Form 1040 adjusted gross income.
7. Individuals currently over sixty-five by 2013 can continue at the rate of 7.5 percent of adjusted gross income until January 1, 2016
The current law will reduce medical health insurance services and medical health care services to all individuals who are involved with the Medicare health insurance and the Medicaid health insurance. These individuals, along with the remainder of we the people will be facing fewer health care services, longer waiting periods, a reduction in medical technology, and in some cases refusal of health care services.
The current health insurance bill will begin by imposing a one percent surcharge on all income earners in the top one percent bracket in the country. This surcharge tax will also be imposed on all individuals with an income of two hundred eighty thousand dollars and families earning three hundred fifty thousand dollars. Now there is a brilliant concerning health insurance and the move in the midst of the worst recession in history. Current employers will continue to freeze any hiring practices until this is all ironed out.
Tags: health care, health care new york, Health Insurance, health insurance new york, healthcare, medica insurance
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