So Obama care is underway and a plethora of celebrities are telling you to sign up to the health insurance program? But why should you?
If you’re an employer the mandate will make you pay a fine of $2,000 per full-time worker if any of your employees get premium tax credit through the new health insurance exchanges. But if you have less than 50 employees, you’ll be fine and dandy. Taxes will also rise.
On the plus side, those with previous health issues who have been turned down by insurance companies will be able to overcome this. The Affordable Care Act will prevent insurers from turning you away, slicing off benefits, and exposing you to long waiting periods.
To add, if you’re single and earning $44,680 yearly, or a couple earning %60,520, or a family of four earning $92,200, well, then you’ll receive a subsidy.
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