How Will Health Reform Affect Me?Immediate Benefits Of Health Reform Legislation?
Virtually all Americans will be affected in some way with the enactment of the Patient Protection and Affordable Care Act, which President Obama signed into law on March 23, 2010. How you are impacted personally depends on how the fine details of the legislation are implemented. Your age, employment status, income, current insurance coverage, and health status can all influence how the health reform legislation may have an effect on you and your family. The actual bill signed into law fills more than 1,000 pages and details a set of immediate health insurance benefits along with a plan for rolling out additional benefits over a four-year period and beyond. The following benefits will be available within the first year after the bill’s passage: Small Business Tax Credits Effective immediately, this provision offers tax credits to small businesses to make health coverage for employees more affordable. Initially, a tax credit of up to 35% of the cost of health insurance premiums will be a
