As a result of the Affordable Care Act (ACA), rates for individual/family health insurance will drop by 50% or so in New York — NOT Georgia. This news was just announced recently and it’s really no surprise to those who understand how some states currently regulate health insurance. NY and a few other states currently cover everybody without regard to health status. Consequently, their rates are much, much higher than other states like Georgia. You can read more about this here.
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.
