Posts Tagged ‘HealthCare.gov

16
Mar
15

16.4M Thanks to President Barack Obama

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16
Mar
15

ObamaCare Sets Another Record

 

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Yasmeen Abutaleb: Nearly 11.7 Million Signed Up For Obamacare Health Insurance: HHS

Nearly 11.7 million people have either signed up or re-enrolled for insurance coverage under the U.S. healthcare reform law, more than the 9.1 million predicted by the Obama administration,health officials said on Tuesday. As of Feb. 22, about 8.8 million signed up in one of the 37 states that use online exchanges operated by the federal government and 2.85 million were in the 14 states, and Washington, D.C., that operate their own exchanges, the Department of Health and Human Services said in a statement. In the states that use the federal exchange, called healthcare.gov,

87 percent qualified for a tax credit averaging $263 per month, according to HHS. It said more than half of consumers in states using healthcare.gov bought a plan that cost $100 or less after tax credits. Enrollment across the board has largely exceeded expectations, health officials said. The enrollment period for 2015 coverage opened on Nov. 15 and closed on Feb. 15. More than 4.1 million people under 35 years old have purchased health insurance through state and federal exchanges, the HHS said Tuesday, about a third of enrollees.

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03
Mar
15

Small Businesses Prospering. Thanks, ObamaCare

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Amy Lynn Smith: Michigan Small Business Offers Competitive Employee Benefits Thanks To The ACA

Ryan Irvin and Amanda Stitt are the kind of small business owners who want to do the right thing for their employees. But they’re also business owners who need to pay attention to the bottom line. Fortunately, they’re able to do both. The Small Business Health Options Program (SHOP) Marketplace at Healthcare.gov gives businesses with less than 50 employees everything they need to find the right plan for their employees and get them all covered. Last year, Irvin and Stitt — who are married with a baby girl, Amelia — were paying for their own insurance after Stitt transitioned from her previous job to become chief executive officer of Change Media Group. They were also paying the premiums of one full-time employee who purchased her coverage at Healthcare.gov.

But setting up an employer plan through the SHOP Marketplace made a lot more sense, says Irvin. For Amanda, Amelia and myself, we were paying $1,282 in premiums last year. We’ll get to deduct those premiums from our taxes but we won’t get the small business tax credit offered through SHOP. Add on what we were paying for our employee’s coverage and we were paying $1,539 a month. For 2015, with our SHOP plan, we’ll be paying $1,448 a month for our family and that one employee, which is a savings of $100 a month in premiums. Plus, instead of a tax deduction of 25-30% for our premiums we’ll get a 40-50% tax credit to the business for the premiums we pay.

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