@billyboy1965, please don't get annoyed w/me for being slow about this topic.
So I guess you are saying that your group health insurance for your employees will be more expensive and that will drive you to consider dropping the health insurance and pay the penalty instead? Like @jcorsig's uncle may choose to do.
If that assumption on my part is right, how can you know that your group health insurance is going up? Common sense? Have the insurance companies stated this is so, primarily due to the pre-existing rejection being disallowed? I would think that would be balanced out by the ins. companies having so many new members. Unless everyone chooses to pay the penalty instead.
What IS the penalty for an individual who does not have group (through work) or individual insurance. Is it a sliding scale based on income?
Anyone who can this, please do. Just very interesting in this topic. @IGoeOn, I would appreciate your take on my questions above, as it sounds like you are in a similar position as Billy.
Small business owners are so critical to America. I have a lot of respect for you guys/gals. @1991cs, you seem to know this topic well too - so really educate me if you have time. That is meant seriously.
Last edited by Jeremy Fisher; 07-01-2012 at 10:55 AM.
Some of us think holding on makes us strong but sometimes it is letting go. ~ H. Hesse