|
Home | Medical-Newswire.Com:
|
(Medical-NewsWire.com, November 03, 2013 ) Woodhaven, MI ¬– “PPACA is about to transform the health insurance industry in many ways,” discussed Woodhaven health insurance company Frost & Remer. “As 2014 inches near, there are major changes that may affect every US citizen whether they realize it or not.” It is not a secret that there has been a major division in the country over the present administration’s health care reforms and the passing of Patient Protection and Affordable Care Act (PPACA), most commonly known as ObamaCare.
There have been changes occurring in the health insurance market since; however, most of these changes have been unnoticed by most people.
On January 1, 2014, all the changes in the health reform mandates are about to be implemented. Whether this will pose as a big success or threaten everyone’s finances, the PPACA can only be justified when its theory is set into practice. However, it is important for everyone to understand what is expected and which decisions will benefit them during this stage. Among the changes to Woodhaven health insurance will be
1. Individual Mandate. Obama’s PPACA suggests that every US citizen and legal residents are to purchase qualified health insurance coverage. Not being able to do so will force them to pay a minimum fine of $95 up to 1% of their household income. These fines increase in 2016, where one is required to pay $695 per person or 2.5 of income ranging up to $2085.
2. Coverage is guaranteed. Coverage will not be declined even to those with pre-existing conditions. Those who have been unable to find insurance due to their health problems can now vie for the same coverage priced as the health person of the same age.
3. Health Insurance Exchange. People working as freelancers or have their own small businesses will be provided an Exchange to gain access to health insurance, in addition to the traditional method done by an insurance broker. Insurance agents will provide health plans both inside and outside of the State Exchange. However, there are two important points to consider: an individual can only qualify for a certain subsidy and a small business can qualify for a small business tax credit.
These are the biggest changes coming in 2014, the Woodhaven health insurance company disclosed. This emphasizes the importance of purchasing a coverage at an earlier time. For those who are looking for the best quotes, a Press Release has revealed how to compare prices: http://www.emailwire.com/release/133241-Woodhaven-Health-Insurance-Company-Frost-Remer-Discusses-How-to-Compare-Insurance-Quotes.html. Frost & Remer discussed how to buy a health insurance in a simple guide in this page: http://insurancebyfrost.com/5-basic-steps-in-buying-woodhaven-health-insurance/.
About Frost, Remer, and Mercure Financial Services, Inc.: Established In 1989 as an independent insurance agency serving the states Michigan, Ohio, Colorado, Georgia, Illinois, Minnesota, New York, Pennsylvania and Wisconsin with their primary focus on Southeast Michigan and Northern Ohio.
Their mission is to provide reliable insurance advice, quality service and honest claims advocacy at affordable pricing for individual, business and farm owners insurance needs by placing their clients’ insurance policies with insurance company partners that are well respected within the industry and are financially sound.
For more information about how they can help provide the right financial protection for you, visit http://www.InsuranceByFrost.com.
Frost and Remer Insurance
Jeff Frost, AAI
(734) 794-3072
JFrost.Frost03@InsureMail.net
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
