Sponsored Links
Results 1 to 2 of 2
  1. #1
    nymedicaid is offline Junior Member 510 points
    Join Date
    Jul 2013
    Thanked 0 Times in 0 Posts

    Low Wage Workers May Not Be Able To Afford Health Insurance


    Low wage earners may be victims of the new affordable care act which will become law soon. These individuals may not be able to acquire health insurance due to some gaps in the new health care act.

    The new act is a double edge sword that will require workers to obtain health coverage or pay a penalty the following year, and at the same time require large companies to provide affordable options for health coverage.

    The new law is fairly complicated in nature. It requires that companies which employ more than 50 employees to offer full time workers health coverage that must meet minimum requirements and not to exceed 9.5 percent of the employee's wages. The penalty for not compiling with this new health care act will mean heavy fines.

    This new type of health insurance math may be a financial hardship for the employee. If for example he or she makes 20,000 per year, a 9.5% premium would cost the worker $1,900 and the new law would still consider this within its affordable clause.

    That is even before a deductible is applied which may be as high as $3000 per year.

    Employees that have an affordable employer option will not be able to claim any tax credits that lower income people are able to deduct when they purchase health insurance on their own. Presented with all this, it is feasible that employers could still make available health insurance plans that meet the stipulations of the new law but is still too costly for the low wage earner. This still may or may not still be the case. Employers could still offer health insurance plans that meet the new act requirements and still within the low wage earners means.

    Health insurance and the availability and affordability will be debated for years to come. Costs to companies and individuals will always play a part in future implementation of any health care laws. Law makers on both sides of the aisle may be induced to act on health care for a variety of reasons such as their constituents: demographics, ethnic, racial or sexual orientation.

    The ultimate and bottom line of any new law should come down to the best welfare of the individual. This conclusion is probably based more on fiction then fact but who really knows. The book on health care affordability and coverage still needs to be completely written.

    Addtional information on this topic can be located at: http://www.**************************.com

  2. #2
    Jefflewis is offline Member 510 points
    Join Date
    Nov 2014
    Thanked 0 Times in 0 Posts
    People that are having a low income of course facing difficulty in terms of health insurance because of financial hardship with family plus tax.
    Kevin Cook Orthodontics
    3108 W. Deyoung St., Suite A
    Marion, IL 62959

Similar Threads

  1. Hоw Disability Insurance Differs Frоm Health Insurance
    By nymedicaid in forum Health Insurance
    Replies: 1
    Last Post: 01-09-2014, 04:38 AM
  2. Insurance Broker for motor,burglary,health and house insurance ,free service
    By nikkig in forum St. Georges Medical School Classifieds
    Replies: 0
    Last Post: 07-28-2011, 11:25 PM
  3. Senegal seeking volunteer physicians and health care workers
    By azskeptic in forum The Relaxing Lounge
    Replies: 64
    Last Post: 01-12-2006, 10:31 PM
  4. EU-wide rules on health workers planned
    By azskeptic in forum Main European Medical Schools Forum
    Replies: 0
    Last Post: 09-17-2005, 10:05 PM
  5. health insurance
    By sohomale in forum American University of the Caribbean (AUC)
    Replies: 6
    Last Post: 05-11-2004, 04:12 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts