Affordable Care Act, Obamacare, Healthcare Costs
Just a few days before the Affordable Care Act, aka “Obamacare” is to be implemented in the quarter before the Jan. 1, 2014 deadline, the news hits us: the budget to fund Obamacare is threatened. Without funding, Americans may not be able to comply with the mandate to have health insurance by the first day of 2014 or risk a tax penalty.
Knowing whether or not Obamacare, mandated in 2010 by President Obama, will be funded only scratches the surface of questions regarding how the new healthcare mandate affects you. Whether you work for a corporation that already supplies a health insurance program or you are a self-employed or contracted employee in need of obtaining health insurance to avoid the tax penalty, it’s time to sort out your options and understand why in many cases you may be paying more for your insurance premiums than ever before.