Over the past couple of months, several people have asked me about the new Federal High Risk Pool that was created by the new health care reform law. For people in Georgia who have been declined coverage in the individual market and can’t qualify for the Georgia Assignment System or Enhanced Conversion option (after COBRA is exhausted), this was great news. For someone with significant pre-existing health conditions who has been declined coverage or had certain conditions excluded, this new option could be a life saver …
Well, it finally passed. Whether or not you are pleased with the results, it is time to pay close attention to how to adapt to the changes that will take place.
Most of the major changes will not be implemented until 2014, however, there are some significant changes that take place this year. If you are a small business owner, with fewer than 50 employees, then you should speak with your tax professional about how the new tax credits will affect you.
