Now that the presidential election is over, businesses and individuals know where our health care system is headed and can plan accordingly.
“The best decision for most employers and their employees will be to eliminate their company-sponsored health insurance in favor of a defined contribution HRA solution. That’s because employees no longer need employers to purchase quality health insurance, and, starting in 2014, employees earning less than 400% of the FPL (~$92,000 for a family of four) per year who purchase a personal policy will receive a large federal subsidy on their premium if their company doesn’t offer a group plan.”
Employers with fewer than 50 employees will switch from group coverage to HSAs, HRAs and FSAs and many larger companies will follow suit. To learn more, read on here. http://www.zanebenefits.com/blog/bid/241890/Business-Health-Insurance-2012-Election-Impact
Hiveaway is prepared to assist people when it comes to to figure out exactly how to allocate money in their tax advantaged health account.
Comments are closed.