Credit per employee $9,435—projected family premium 50% employer

Slides:

Advertisements

Similar presentations

Impact of Health Reform Bills on California Families and Employers Charts and Tables from Recent Briefs February 2010.

Advertisements

Exhibit 1. Estimated Source of Insurance Coverage, 2014 Note: The number of uninsured in 2014 was calculated using CPS estimates for 2013 minus an estimated.

Maintaining Affordable Health Coverage in Massachusetts Suzanne Curry Health Care For All Families USA Health Action 2015 January 23,

The Health Care Law: Where Does Your Small Business Fit? Month Day, 2013.

The Hilltop Health Care Reform Simulation Model Hamid Fakhraei, Ph.D. July 2012.

Oklahoma SoonerCare and the Affordable Care Act: Changes on the Horizon Buffy Heater, MPH Director of Planning & Development October 12,

THE COMMONWEALTH FUND THE COMMONWEALTH FUND Realizing Health Reform’s Potential: Small Businesses and the Affordable Care Act of 2010 Sara R. Collins,

A Primer on Tax Subsidies for Health Care Larry Levitt Kaiser Family Foundation December 5, 2008.

Association Insurance Cooperative PPACA 2013 – 2014 Summary Handouts: Click HereClick Here.

Exhibit 1. Fifteen Million Young Adults Ages 19–25 Enrolled in or Stayed on Their Parents’ Health Plan in Past 12 Months Distribution of 15 million adults.

Current tax laws Under current tax law, health insurance premiums are largely tax exempt if the insurance is provided through an employer. The share of.

Affordable Care Act and Public School Employees Health Insurance November 1, 2012.

THE COMMONWEALTH FUND Exhibit ES-1. Congressional Health Reform Bills as of December 2009 House of Representatives 11/7/09 Senate 12/24/09 Insurance market.

Health Care Reform: The Top 10 Things You Need to Know.

THE COMMONWEALTH FUND The 2009 Congressional Health Reform Bills: Insurance Coverage Sara R. Collins, Ph.D., Vice President Rachel Nuzum, M.P.H., Senior.

 Annual Insurance Premium $2,602,285 Employer Paid $1,947,323 Employee Paid $ 654,962  State Funds Received $ 898,716  Current # Employees on insurance.

Massachusetts Health Reform A Social Compact for Shared Responsibility State Coverage Initiatives January 26, 2007 Christie L. Hager, J.D., M.P.H. Chief.

Exhibit ES-1. The Percentage of Young Adults Uninsured Declined over 2010–2012, While Rates Rose in Other Age Groups Note: Totals may not equal sum of.

An Overview of the Affordable Care Act An Overview of the Affordable Care Act.

State Trends in Premiums and Deductibles, : Eroding Protection and Rising Costs Underscore Need for Action Cathy Schoen Senior Vice President.

THE COMMONWEALTH FUND Exhibit 1. Employer Coverage Continues to Be Major Source of Coverage for Employees of Larger Firms Percent of firms offering health.

Presentation at Alliance for Health Reform Briefing Bob Greenstein September 12, 2011.

Figure ES-1. Features of Leading Candidates’ Approaches to Health Care Reform ClintonEdwardsObamaGiulianiHuckabeeMcCainRomney Individual Mandate Yes Children.

THE COMMONWEALTH FUND Essential Health Benefits Under the Affordable Care Act: HHS Guidance and Key Implementation Issues Sara R. Collins, Ph.D. Vice President,

Figure 1. When You Are Deciding Who to Vote for in Next Year’s Presidential Election, How Important Will the Candidate’s Views on Health Care Reform Be?

AMERICAN ACADEMY OF ACTUARIES ©2016 American Academy of Actuaries. All rights reserved. Drivers of 2017 Health Insurance Premium Changes Drivers of 2017.

It’s a big deal Scott Decker, JD, MPH. What the White House Says:  Improved affordability  Helps 32 million uninsured obtain health insurance  Reduces.

Advancing the health of Ohioans through informed policy decisions Insurance basics: Provisions of the Affordable Care Act and how Ohioans are covered Reem.

Percentage of Plans with Annual Deductible, by Metal Tier, Cost-Sharing Reduction, and Employer Plans, 2016 Notes: Base silver plans have an actuarial.

Rite of Passage: Young Adults and the Affordable Care Act of 2010

The Health Insurance Provisions of the 2009 Congressional Health Reform Bills: Coverage, Affordability and Costs Sara Collins, Ph.D. Vice President The.

Young, Uninsured and In Debt:

Presenting on behalf of the author team

Change in Benchmark Silver Premiums, 2014 – 2015 Percent change in second-lowest silver plan, by county in 50 states and the District of Columbia Note:

For a middle-age person, before tax credits, premiums for comparable coverage would be similar under each plan Annual individual market premium for a silver.

Employee premium contribution

Relative Contributions of Different Types of Health Services to Total Growth in National Health Expenditures, NOTE: Percentages may not.

Relative Contributions of Different Types of Health Services to Total Growth in National Health Expenditures, NOTE: Percentages may not total.

Silver and Bronze Premium Changes from 2014 to 2015 Percent change in second-lowest silver and lowest-cost bronze plans, by county in 50 states and the.

Percent of uninsured adults ages 19–64 Income level Race Age Firm size

Paid less than $125 Percent of adults ages 19–64 with single policies

Percent adults ages 19–64 who pay all or some of premium

Change in Average Annual Family Health Spending Under Path Proposal Compared with Projected Without Reforms: Average Savings per Family Average Savings.

Premiums Rising Faster Than Inflation and Wages

Adults with marketplace plans or Medicaid express the least confidence in being able to keep their coverage in the future. You said you currently have.

NHE Total Expenditures: $2,700.7 billion

Pre-Existing Condition Insurance Plans

Average Monthly Social Security benefit payment

ACCESS: AFFORDABLE CARE

Premium contribution as a share of income

Adults ages 19–64 who are uninsured or have individual coverage

Public Plan at Medicare Rates Public Plan at Intermediate Rates

Most people think all Americans should have the right to affordable health care. Do you think all Americans should have the right to affordable health.

Percent of adults ages 19–

President Bush’s Health Plan

Annual premium amount paid by policy holder and premium tax credit

Adults ages 19–64 with either marketplace or employer coverage

Percent of Population Uninsured Under the Affordable Care Act and Governor Romney’s Plan Compared with Baseline by Age Group, 2022 Percent of nonelderly.

Medical Bill Problems or Medical Debt

Premium tax credits have made the cost of marketplace plans similar to employer plans for low-income adults, but adults with higher incomes pay more Percent.

Number of employees in firm

Larger Shares of Adults with Marketplace Coverage Have Plans with High Deductibles Compared to Those with Employer Plans No deductible Less than $1,000.

Source of Insurance Coverage Under the Affordable Care Act and Governor Romney’s Plan Compared with Baseline, 2022 Among million people ages 0–64.

Annual premium amount paid by policy holder and premium tax credit

Premium contribution as a share of income

High Deductibles Relative to Income by Coverage Source at the Time of the Survey Percent with deductibles that are 5% or more of income, adults ages 19–64.

Small Business Tax Credit as a Percent (Maximum of 35%) of Employer Contribution to Premiums, For-Profit Firms (2010–2013) and Nonprofit Firms (2014+)

Poverty level Income Premium contribution as a share of income

Small Business Tax Credit as a Percent (Maximum of 50%) of Employer Contribution to Premiums, For-Profit Firms (2014+) Average Wage Firm Size Up to $25,000.

Uninsured young adults ages 19–29 Federal Poverty Level Percent

Presentation transcript:

Small Business Tax Credits Under Affordable Care Act for Family Premiums Credit per employee $9,435—projected family premium 50% employer contribution $4,718* * To be eligible for tax credits, firms must contribute 50% of premiums. For-profit firms receive 35% and later 50% of their contribution in tax credits. Note: Projected premium for a family of four in a medium-cost area in 2009 (age 40). Premium estimates are based on actuarial value = 0.70. Actuarial value is the average percent of medical costs covered by a health plan. Source: Commonwealth Fund analysis of Affordable Care Act (Public Law 111-148 and 111-152). Premium estimates are from Kaiser Family Foundation Health Reform Subsidy Calculator, http://healthreform.kff.org/Subsidycalculator.aspx.