Health Care Reform is going to impact your choices for 2014. Here is what you can expect:
* Coverage is guaranteed, for everyone, no on can be turned down for health issues or pre-existing conditions
* Everyone is required to have insurance or pay a penalty (limited exceptions)
* Insurance plans will all have to include "essential benefits" such as maternity, full Rx coverage, pediatric dental and vision, habillitative care, etc.
*Every plan, inside and outside the exchange will be changing.
*There will be subsidized premiums for lower income individuals and families.
*If you have coverage through an employer, you will not have to pay a financial penalty(it qualifies as being covered)
*If you have coverage through an employer, you can buy coverage through the new Exchange but you will not be eligible for a subsidy.
* If you don't have "affordable coverage" through your employer (pay more than 9.5% of your income for health insurance), you can qualify for a subsidy for health insurance (depending on your family income level)
Ken Williams (www.kenwilliamschfc.com) holds an advanced degree in Health Care Reform (CHRS) and has been an independent insurance broker for twenty two year. He specializes in finding affordable options for families, which sometimes means different plans for each family member and works with many trusts and association plans, that offer great rates for certain types of groups. If you would like more information on how Obamacare will impact you, please contact Ken at 425 821 7914 or kenwilliams@sunstreetsecurities.com