The Supreme Court’s decision to uphold the Affordable Care Act could have varying effects on Americans. Below is a summary of how health care reform could affect you, your family, or your business. For details, click Health Care Reform: Your Options Now and in 2014.
One of the main mandates of the Health Care Reform is that, starting January 2014, most Americans and legal residents must obtain medical insurance. Otherwise, those who are uninsured will receive a penalty of $95 for one person or $285 per family or 1% of the income, whichever amount is greater. By 2016, the Health Reform penalty would go up to $2,085 per family or 2.5% of the income. For large companies of 50 employees or more, the penalty is $2,000 after the first 30 employees. Small businesses (less than 50 employees) are not required to offer health benefits.
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