Five Quick and Important Facts On Health Insurance Through Obamacare The year is flying by and beginning in 2014, you?ll be required to have health insurance coverage. There is still significant confusion on how insurance will be bought and sold, and how much it will cost. In this post, I discuss five quick facts you need to know to prepare for the health insurance change.
Five Quick and Important Facts On Health Insurance Through Obamacare The year is flying by and beginning in 2014, you?ll be required to have health insurance coverage. There is still significant confusion on how insurance will be bought and sold, and how much it will cost. In this post, I discuss five quick facts you need to know to prepare for the health insurance change.
#1 - Where will you get health insurance?
Insurance will be purchased exactly the same place you purchase insurance now ? through large employers, small employers, individual coverage, or public programs. The big difference ? large employers will be required to offer coverage or pay a fine. Some employers will opt to provide coverage and some will refuse because the fine is cheaper. The good news ? if they don?t offer coverage, you can purchase your own coverage on the health insurance exchange without the fear of being turned down or being sold a substandard policy.
#2 ? So if your employer doesn?t offer coverage, where will you purchase health insurance?
Insurance can be purchased on the health insurance exchange. Policies will be standardized, so they will be easy to compare. Massachusetts has a version of Obamacare already in place and their exchange functions very well. Take a look at it and see how easy it is to purchase coverage. I used the Quincy, Massachusetts zip code to browse ? 02169. Give it a try.
#3 ? Pricing is based on only four factors ? and bad health is not one of them.
The most common questions I receive are about the cost of health insurance. Is it going to be expensive because you have a health issue? Health issues will not be factored into your health insurance premium. The price of insurance will be based on four factors:
Being Professionally Well Rounded Is Generally A Formula For Being Mediocre In a work environment, you've probably heard the phrase, ?Concentrate on improving your weaknesses.? It?s actually quite common in many corporations. The goal is to become professionally well rounded. It?s also a great way to be mediocre. And it?s almost certainly a way not to become very wealthy.
Too Far, Too Fast? A prediction: With stocks up nicely year-to-date, we?ll soon see myriad headlines warning us stocks have come too far, too fast, and we should ?lock in our gains,? take our bat and ball and go home.
State Court Can Order Custodial Parent To Release Exemption Dependency exemptions seem to take on a role in divorce negotiations that is out of proportion to their economic significance. Given the time that sometimes goes in to negotiating them, it is amazing how often the details get blown. If the custodial parent does not provide the non-custodial parent with Form 8332 or its equivalent, the non-custodial parent is not entitled to the dependency exemption, regardless of what the probate court says. This rule has produced quite a few frustrating Tax Court decisions. A recent Massachusetts appeals decision in the case of Phall Iv and Samath Hang was an attempt to blow these Tax Court decisions back into probate court. The appeal failed, but it illustrates one more instance of needless litigation resulting from inattention to detail.
Why You Can't Be Your Own Financial Advisor We all like to think we?re smart and self-sufficient. A lot of folks believe they can manage their financial lives by themselves. These do-it-yourselfers are woefully wrong.
Job Hunters: Here's How You Can Stand Out From The Pack Though the economy is beginning to improve, many employers are overloaded with job applicants and extremely choosy about who they?ll hire. So if you want to land a position, you?ve got to find a way to stand out from the pack.
