Removal of the individual mandate would take health insurance coverage away from consumers

us health insurance reform

Individual mandate has ensured that consumers have insurance coverage The Affordable Care Act continues to be a source of controversy, especially because it requires all U.S. citizens to have health insurance coverage. This provision is called the individual mandate and it has placed some consumers under significant financial pressure. While all citizens must have insurance coverage, many also receive financial aid from the federal government, which helps cover the cost of health insurance policies purchased through exchanges that were established through the Affordable Care Act. Removing the individual mandate may…

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Birth control insurance challenge heard by US appeals court

Birth Control insurance

A lawmaker in Missouri is opposed to the coverage and is now fighting it with the Hobby Lobby. Missouri Rep. Paul Wieland (R-Imperial), and his wife, Teresa, are currently battling the regulation for birth control insurance in state sponsored health plans, and is hoping that the recent Hobby Lobby from the U.S. Supreme Court will provide him with what he needs to decrease the rejection of his legal challenge by the court to the mandate from the Affordable Care Act. Arguments were heard early this week by the 8th U.S.…

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Health insurance penalties could add up quickly for the uninsured

health insurance bills stress

Federal penalties may be more costly than people may realize The federal health insurance mandate has been in effect in the U.S. for nearly three months, but penalties for those without insurance coverage are not expected to be seen until after March 31. When the open enrollment period for insurance exchanges comes to a close, those without insurance coverage will become vulnerable to federal penalties. These penalties levy a 1% of annual household income fee or a flat rate of $95 based on yearly income. These penalties, however, may only…

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Health insurance mandate penalty may be vastly misunderstood

health insurance confusion

Federal law places a penalty on those without health insurance coverage The health insurance mandate of the U.S. Affordable Care Act has become one of the more controversial aspects of the federal law. According to the law, all U.S. citizens must have active health insurance coverage beginning on January 1, 2014. Failure to comply with the mandate could mean facing a tax penalty issued by the Internal Revenue Service (IRS). These penalties will not actually be issued until March 31, 2014, when the open enrollment period for health insurance exchanges…

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Health insurance mandate could be delayed for a year

health insurance mandate

Senators advocate delay of health insurance mandate Federal lawmakers are beginning to call on the Obama Administration to delay one of the Affordable Care Act’s most controversial provisions. The law requires that all U.S. citizens have active health insurance coverage beginning on January 1, 2014. Those that do not have appropriate health insurance coverage could face fines for every year they go without coverage. The provision is quite similar to federal law requiring all drivers in the country to have auto insurance coverage, but the health insurance mandate has managed…

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Health insurance may not be popular among the young and healthy

Health Insurance industry young millennial

Young people may not be interested in health insurance Health insurance will become mandatory by federal law in the U.S. beginning on January 1, 2014, per the Affordable Care Act. Despite the law’s requirement, however, many young people throughout the country are expected to forgo purchasing health insurance coverage simply because they do not need it. Healthy consumers have little use for health insurance as they consider it to be an unnecessary expense. The problem, however, is that these young people may be losing access to federal subsidies if they…

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Affordable Care Act may not be a “job killer”

health insurance for small business

Misconceptions concerning federal law create unnecessary tension in the job market The U.S. Affordable Care Act is surrounded by many myths and misconceptions. One of the most significant of these misconceptions is the idea that the federal law will lead many small businesses throughout the country to fire workers. This concept is tied to the health insurance mandates associated with the federal law. These mandates require businesses to provide health insurance benefits to full-time employees, but the law has its own designation for what qualifies as a full-time employee. The…

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