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Supreme Court Ruling on Healthcare Law to Affect Millions of Kentuckians

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					     Supreme Court Ruling on Healthcare Law to Affect Millions of
                           Kentuckians


                                           Now that the healthcare mandate has

                                           been upheld, there is every reason why

                                           Kentuckians should be thinking seriously

                                           about purchasing health insurance, if

                                           they haven’t already done so. According

to a U.S. Census Bureau estimate, an average of 15.5% of Kentuckians or about

663,000 residents lacked health insurance during the period 2008-10. Starting in

2014, some of these people will become eligible for Medicaid and others will

receive tax subsidies to help them purchase a Kentucky health insurance plan on

their own. However, the individual mandate provision rules that those who don’t

fall into any of these categories will have to pay a penalty if they don’t purchase

health insurance.

Many Good Aspects

There are many good aspects to the new legislation.

•   The importance of having health coverage can hardly be stressed. A serious

illness or accident can wipe out a family’s savings if the affected person is not

insured.

•   The new legislation ensures that people cannot be denied coverage because of

a pre-existing condition.

•   Children stand to gain as they can stay on their parents’ policy till age 26. This

is especially useful for students who have just graduated and are seeking

employment.
•   Senior citizens in Kentucky will gain as Medicare benefits will improve with

Obamacare.



However, Kentuckians who do not have insurance and are subject to the mandate

will have to pay fines as assessed through the tax code. By 2016, the fines work

out to as much as $2,085 per family or 2.5 percent of income, whichever is higher.




Kentucky Governor Steve Beshear has announced that the state is ready to roll out

a state-operated Health Benefit Exchange. This will allow people to compare

health plans from various providers and choose the one that best meets their needs

and budget.



Open enrollment season is in the fall. In the face of the many changes that are

taking place, getting professional advice is the best option for the uninsured.

Affordable plans are available at One Source Benefits. A licensed, experienced,

independent health insurance broker, this company represents several leading

Kentucky health insurance companies. It has all the resources and technology to

offer the state’s residents instant access to affordable Kentucky individual health

insurance plans.


About the Author/Company

Tracy McManamon is a Kentucky health insurance consultant with over 25 years
of experience. He offers professional advice and help to get you the right
Kentucky Health Insurance plan. Call Toll Free: 877-549-1212. Website:
http://www.kyfreeheatlhquotes.com/

				
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Description: Find out how the Supreme Court ruling on healthcare law can affect millions of Kentuckians.