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Comments for Quantum Insurance Services https://www.quantuminsuranceservices.com Modern Insurance Consultants Mon, 22 Jul 2013 17:54:20 +0000 hourly 1 https://wordpress.org/?v=5.1.10 Comment on HEALTH CARE REFORM – HUGE NEWS by Team QIS https://www.quantuminsuranceservices.com/?p=891#comment-29 Mon, 22 Jul 2013 17:54:20 +0000 http://quantuminsuranceservices.com/?p=891#comment-29 The recent amendment only delays the employer mandate, yes. In other words, groups with 50 or more full-time employees don’t have to put in group coverage (or face penalties) until January 1, 2015. Individuals will still face the mandate as of January 1, 2014. The individual mandate creates a penalty for those without health insurance, of $95 per adult and $47.50 per child (up to $285 for a family) or 1% of family income, whichever is greater. The penalty increases every year; for example, as of January 1, 2015, the penalty goes up to $325 per adult and $162.50 per child (up to $975 for a family) or 2% of family income, whichever is greater. In 2016 the penalty becomes $695 per adult and $347.50 per child (up to $2085 for a family), or 2.5% of family income, whichever is greater. After 2016, penalty amounts are increased annually by the cost of living.

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Comment on HEALTH CARE REFORM – HUGE NEWS by leeann https://www.quantuminsuranceservices.com/?p=891#comment-28 Sun, 21 Jul 2013 18:40:26 +0000 http://quantuminsuranceservices.com/?p=891#comment-28 Thank you, for the information you provided. The new amended law only helped those employers w/ 50 or more employees correct? As an individual or family one must obtain healthcare coverage by Jan. 1st, 2014 to avoid being taxed the 1 (one) precent is that correct?
Thank you for your time. Just want to fully inform some people, that think they have till 2015, and maybe they do.

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