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Blog

Informed on Reform

Posted on May 31, 2013 at 11:07 AM
Beginning in 2014, it is estimated
about 25 million people will shop
for coverage on the individual exchanges. This
group might include people who are currently in the
individual marketplace, unemployed, self-employed,
or work for businesses that don’t offer insurance
or whose plan is unaffordable.

Beginning in 2014, all individuals must maintain
“minimum essential coverage” through an employer-sponsored
plan, or individual plan such as one purchased
on an exchange. Failure to do so will result in a penalty
or tax. The penalty is on a sliding scale for three years
and is 1/12th of the greater of: for more information click here

Categories: Healthcare Reform

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