Your Remedy for Health Care Reform





Looking for clarity on the implications of the 2010 health care reform legislation and how this will affect you today and tomorrow? Innovative Insurance Solutions is here to help!

As a service to our valued clients, we offer personalized consulting to help simplify the complexity of Health Care Reform.   We help you understand your options, how it will affect you and provide clarity on programs and resources that may be available to you.

The Patient Protection and Affordable Care Act (PPACA) was signed into law on March 23, 2010, and the related Health Care and Education Reconciliation Act of 2010 (HCERA), which modifies certain provisions of PPACA, was signed into law on March 30, 2010.

These two statutes together, commonly referred to as the “Health Care Reform Law,” make sweeping changes to existing laws governing employer-sponsored group health plans, individual health coverage, and governmental health programs.

The Patient Protection and Affordable Care Act (PPACA) enacted in 2010 includes employer and individual responsibility requirements for health coverage.

In 2014, employees may satisfy the individual mandate by purchasing acceptable coverage through their workplace or an insurance exchange. If coverage is not purchased, the individual penalty will be imposed. This penalty is the greater of 1.0 percent of AGI or $95 per person in 2014, 2.0 percent or $325 per person in 2015, 2.5 percent or $695 per person in 2016. The family penalty cap is 300 percent of the individual penalty, or $2,100 by 2016. The penalty for dependent children without coverage is half the amounts listed above.  Exemptions to mandatory coverage and penalties may apply, contact Innovative Insurance Solutions, LLC for more information.



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