Unless you have been living under a rock, you know that health insurance in this country is undergoing a major change. Depending on who you talk to, you may not like this change. As a matter of fact what the major problem is, is that people don’t understand the changes that are going on. Whether you currently have health insurance in Austin, TX or you do not, the chances are you will be affected one way or another with this change.
One of the number one questions about Health Insurance in Austin, TX is how will the new laws affect me. For starters, if you don’t have insurance you will need to acquire it or you will be charged a fee every year on your taxes. You can either purchase an affordable package through the government or continue with a private company but the chances are that the rates through the government will be more affordable. If you currently have health care through your employer, that will not change. You can show your proof of insurance when it is tax filing time and you will not be charged a penalty.
So if your health insurance does not change when it comes to your employer, why are people so worried about the change? If you own a small business you just don’t know what these rates are going to do to your bottom line. Within the first ten years of the implementation of the new federal health care for everyone there will be a price tag of over one trillion dollars. While there are things like spending cuts and tax increases to pay for this, you can expect that over the next ten years a lot of changes in regards to payment plans for insurance will change.
The hard part about all of this is that everyone knows there are changes coming but exactly what, how, when and the price that individuals will be charged over the long term is unknown. If you have questions it is best to speak to a professional in the health insurance industry such as Patrick Court. You need someone that is devoting themselves full time in understanding the changes and best how to protect yourself in the future both medically and financially.