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360 Degree Look at Healthcare Reform
How does this impact you and your business?
The Big Picture
- Universal coverage by 2014, state run exchanges or employer based plans.
- Individual mandates to have coverage and penalties and credits for those families with incomes under 4X the poverty level
- Minimum level of coverage
- Funded by taxes on incomes over $250,000, pay or play taxes on employers, taxes on insurance industry, reductions in Medicare and to be realized efficiencies such as electronic medical records, wellness, etc.
Future Steps
- Stay informed, things change by the day
- Stay tuned to Massachusetts and California
- Owners should begin tax planning for this change
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