Since the Affordable Care Act passed, thousands of Americans have benefited. More children can stay on the family’s health insurance; Medicare recipients pay less for prescriptions; and small businesses are receiving tax credits for providing insurance to employees. Despite this, many of us have seen our health insurance rates go up.
The 2010 tax year is over but most of us have not started our 2010 returns. For small business owners as well as farmers, ranchers and other sole-proprietors, the Affordable Care Act and the Small Business Jobs Act, signed into law in 2010, contain significant tax incentives to help offset health care costs.
Whether you love, hate, or feel mixed or neutral about the Affordable Care Act that became law in March, states are moving forward to implement several of its most important provisions. Chief among them are the state-based health insurance “exchanges,” which are marketplaces where insurers can outline policies and consumers can easily compare between plans.