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The Impact Of Healthcare Reform
How Will the "Affordable Care Act" Affect You, Your Patients, and the Health of Your Practice.

If you missed our Power Workshop on the Affordable Care Act - you missed an hour filled with information that fulfilled these objectives:

•  To provide you with a good overview of Healthcare Reform and the changes that will soon be taking place.
•  To provide a brief education about the private market health insurance options that are still available today, giving you freedom of choice.
•  To prepare you for the effect that Healthcare Reform may have on your patient's ability to afford necessary dental care in the future and ways to provide more value.
•  To discuss ways that Healthcare Reform may have on your ability to provide health benefits to your valued employees and strategies to help solve the problem.
•  To share some suggestions that may help you improve the health of your dental practice.

Attendees learned about:

• Essential Health Benefits Mandate
• Health Insurance Exchanges
• Benefits of a Healthcare Reform Compliant Insurance Plan
• Federal Mandates
• Penalties for Individuals
• Penalties for Employers
• Exemptions & Subsidies

...and more.

Special Thanks to Tina Tayor, Licensed Insurance Agent with Healthcare Solutions Team for her exceptional research and presentation for our Power Workshop attendees! You can talk to Tina by emailing her or by phone at 503.531.9335.


Who Is Required to Buy Coverage Under the Affordable Care Act?


START HERE
Do These Apply To You?

• You are part of a religion opposed to acceptance of benefits from a health insurance policy.
• You are an undocumented immigrant.
• You are incarcerated.
• You are a member of an Indian Tribe.
• Your family income is below the threshold for filing a tax return ($10K individual, $20K family (2013)).
• You have to pay more than 8% of your income for health insurance, after taking into account any employer contributions or tax credits.
IF SO:
There is no penalty for
being without health insurance.

 
If the above does not apply to you, then:
 

 
Were you insured for the whole year through a combination of any of the following sources?

• Medicare
• Medicaid or Children's Health Insurance Program (CHIP)
• TRICARE (for service members, retirees, and families)
• The Veteran's Health Program
• A plan offered by an employer
• Insurance bought on your own that is at least at the Bronze level
• A grandfathered health plan in existence before the health reform law was enacted
IF YES:
The requirement to have health insurance is satisfied and no penalty is assessed.

 
IF NO:
There is a penalty for being without
health insurance.
 


What Do Penalties Look Like?

2014
Penalty is $95 per adult and $47.50 per child (up to $285 for a family) OR 1.0% of family income, whichever is greater.

2015
Penalty is $325 per adult and $162.50 per child (up to $975 per family) OR 2.0% of family income, whichever is greater.

2016
Penalty is $695 per adult and $347.50 per child (up to $2,085 for a family) OR 2.5% of family income, whichever is greater.


For more information, and to see a subsidy calculator, visit the Kaiser Family Foundation at www.kff.org.










      





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