Inland Empire health insurance – how ObamaCare will effect Inland Empire Families
The passage of ObamaCare will have a pervasive impact on the nation and particularly California, the most populous and diverse state in the country. More than 3 million Californians will be eligible for subsidized coverage through the California Health Benefit Exchange many of those reside right here in the Inland Empire
- Beginning Jan. 1, 2014, most people will be required to have health insurance or pay a fine, from $95 to $695 a year, starting in 2016.
- People who receive health care through their employers will continue to do so, though employers are not obligated to keep existing plans and may change premiums, deductibles, co-pays and network coverage.
- Preventive services will likely be available for most people with no out-of-pocket costs, such as breast cancer screenings and cholesterol tests.
- Health insurance plans can’t cancel coverage due to illness.
- Adults cannot be denied health insurance coverage due to preexisting conditions starting Jan. 1, 2014. This provision already exists for children.
- Starting in 2014, businesses with 50 or more employees that don’t provide health insurance and have at least one full-time worker who receives subsidized coverage in the California Health Benefits Exchange will have to pay a fee of $2,000 per full-time employee. Businesses with fewer than 50 employees will not face penalties.
- Businesses with 25 or fewer full-time workers who earn an average annual salary of $50,000 or less can currently get tax credits of up to 35 percent to help cover the costs of health insurance premiums. That credit will increase to 50 percent in 2014.
- Children can currently remain on their parents’ health care plans up to the age of 26.
- People who make too much money to qualify for Medicaid assistance, known as Medi-Cal in California, may be eligible for government subsidies to help them purchase private insurance made available through the California Health Benefits Exchange.
Good and Associates is one of the top Inland Empire health insurance brokers. Although we work with clients from across the state we make our home in the Inland Empire. If you have questions about Health Care Reform (ObamaCare) and how you will be effected callus at (800)429-9900.