Health Care Law Delay: Who Will It Affect?
NEW YORK (7/16/13)--The Obama administration's decision to delay the employer-mandate portion of the health care law means that a small group of people who thought they'd be covered by their employers in 2014 will have to wait another year (The New York Times July 3).
Open enrollment for the state-based health insurance exchanges begins on Oct. 1, but you don't have to wait. Many state exchange websites are already open for your exploration.
You might qualify for a subsidy to help pay for your insurance if your modified adjusted gross income is between 100% and 400% of the federal poverty level. For example, 400% of the federal poverty level in 2013 is about $46,000 for an individual and $94,000 for a family of four.
Learn more about the exchanges, get prepared for open enrollment, and find out if you qualify for a subsidy by visiting the Health Insurance Marketplace at Healthcare.gov and clicking on either the Small Business or Individual tab.
Copyright © 2011 - Credit Union National Association, Inc.