If you currently have individual or family insurance, or are a small business owner, it is time to take notice and get serious about healthcare reform. Obviously there is a lot of confusion and controversy regarding this subject and much uncertainty in terms of what it will mean in the future. However, the good news is that many families and small business owners could benefit significantly with the new options.
For example, a couple in their 30’s with 2 children and a $50,000 adjustable gross income will qualify for an estimated premium tax credit of $294/month.. This means that a health plan with a low copay for doctor visits, no deductible for accidents, and full preventive coverage would cost approximately $280/month! For the same family with an adjusted gross income of $40,000, the estimated tax credit is $410/month. The same health plan for this family would cost about $160/month! This family may be paying over $500/month for a similar plan currently or their employer may be paying close to $1000/month for a similar plan, splitting the costs with the employee. Either way, taking a look at the options available on the marketplace is definitely a worthwhile endeavor for both the business owner and the family.
Especially for a family with a tight budget and limited expendable income, this could free up significant funds for paying down debts, savings, vacations, or retirement planning. Please contact LIFE1010 to obtain plan options or get additional information on what the new healthcare marketplace will mean for you and your family. We are certified with the new healthcare marketplace as well as the exchange. Please contact us at Deanna@life1010.info or call Marc at 801-898-5604 or Ed at 801-698-8003 for additional information!
About the Author: Marc Roethel has over 7 years experience in the life and health insurance and retirement planning industries. He is CEO and co-founder of the LIFE1010™ program, which is designed to help individuals through a step-by-step process of getting their lives and businesses in order. The program focuses on emergency preparedness, creating an effective spending plan, health and wellness, and retirement planning. He is also co-author of the book "Not Yo Mama's Retirement Plan", which takes a fun and easy to understand approach to a risk-free and tax-free solution to retirement that is proven and mostly unknown by the majority of the population.
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