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Affordable Care Act Individual Mandate

Affordable Care Act Individual Mandate. September 2013. 2014 Benefits- Affordable Care Act. Affordable Care Act Individual Mandate Maintain basic health coverage or Pay a tax penalty for each month you do not have coverage Affordable Care Act Employer Mandate Delayed until 2015.

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Affordable Care Act Individual Mandate

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  1. Affordable Care ActIndividual Mandate September 2013

  2. 2014 Benefits- Affordable Care Act • Affordable Care Act Individual Mandate • Maintain basic health coverage or • Pay a tax penalty for each month you do not have coverage • Affordable Care Act Employer Mandate • Delayed until 2015

  3. 2014 Benefits- Affordable Care Act • Health Exchanges • Marketplaces where customers can shop for health insurance • Open in October of 2013, coverage begins January 1, 2014 • Will offer various types of insurance plans called Bronze, Silver, Gold and Platinum

  4. 2014 Benefits – Affordable Care Act

  5. 2014 Benefits – Affordable Care Act

  6. 2014 Benefits- Affordable Care Act • What are the penalties for not having health coverage? • 2014: The greater of $95 per individual or 1% of your income • 2015: The greater of $325 per individual or 2% of your income • 2016: The greater of $695 per individual or 2.5% of your income

  7. 2014 Benefits- Affordable Care Act • For more Information: • https://www.healthcare.gov • Premiums before the tax credit will be available October 1, 2013 • Local resources in your area to assist with the Marketplace

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