Affordable Care Act
Click Here for Podcast: AIR-2013-09-29.mp3
The Affordable Care Act, also known as ObamaCare, will change health care as we know it today. The Affordable Care Act is 2007 pages long with 17,000 new regulations. Geriatric expert Ron Kauffman says it has too much grey area. Open enrollment begins October 1, 2013 and goes through March 31, 2014. Everyone will be required to have health insurance or pay a penalty tax in 2014. The penalties get higher in 2015 and cap out in 2016 at even a higher rate. The IRS will manage ACA to ensure that you are paying your penalty tax if applicable. It will take time to become familiar with the Affordable Care Act, and what we have learned so far could already be changing. Many in our government completely disagree with parts or all of ACA. It could be delayed again and time may be on our side, for this one!
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