Obama Confident Supreme Court Will Uphold LawApril 21st, 2012 – Contrary to reports that the Health Care Reform law is in serious trouble, Obama Administration Health and Human Services’ Secretary Kathleen Sebelius said that the Obama administration does not have a contingency plan ready should the U.S. Supreme Court rule this June that PPACA Health Reform Law is unconstitutional. “We’re confident the law is constitutional and are moving forward with implementation,” Sebelius said.

Given all the expert opinions that show the Health Reform Law may be overturned, in whole or in part, having no contingency plan may be politically dangerous with the upcoming elections.

While the government’s Health Reform Law did shockingly little to control the cost of health care, health insurance consumers are buying lower cost and Health Savings Account qualified plans at a faster pace than we’ve ever seen. Many people are adopting healthier life styles with improved diets and regular exercise, in part to allow them to justify getting lower cost/higher deductible health insurance plans.

Share

What do YOU think? Click here to be the first to comment.

Tax Break for Small Business Group PlansApril 12th, 2012 – With tax day looming, many small businesses with employer sponsored group health insurance plans may be eligible for a significant federal tax credit in 2011. This business tax credit is one of the provisions of the Patient Protection and Affordable Care Act, better known as Healthcare Reform.

The tax credit is available to businesses with fewer than 25 full-time employees and with average wages less than $50,000. The tax credit can be as high as 35% of the premium paid by the employer, if the employer paid at least 50% of the employees premium. Full time employees are considered those who work 40 hours per week for 52 weeks out of the year. For part-time employees the tax credit is reduced appropriately.

The tax calculations and requirements are fairly complex so be sure to consult with a tax professional about any questions and for your specific calculations.

Share

What do YOU think? Click here to be the first to comment.