“>http://money.cnn.com/2010/08/05/news/companies/US_postal_service_earnings/
Now that the government has fixed the post office they can move on to YOUR health care.
http://money.cnn.com/2010/08/05/news/companies/US_postal_service_earnings/
Now that the government has fixed the post office they can move on to YOUR health care.
What happened to becoming an adult at age 18 or 21 at the latest???
More Details – Health Insurance Coverage for a Child under Age 27
The Department of Health Services and the Treasury Department have recently released additional guidance and details related to the health insurance coverage for a child under the age of 27. Before the passage of the Affordable Care Act into law, many health plans and issuers could remove adult children from their parents’ policies because of their age, whether or not they were a student, or where they lived. Under this new law, plans and issuers that offer dependent coverage will be required to make the coverage available until an adult child reaches the age of 26.
Being a Child under Age 27 is the ONLY Requirement!
There are no additional requirements other than being the taxpayer’s child under the age of 27. No income limitation, marital status, student status or any other requirement. Thus, an emancipated child, and even a married child, of the insured will qualify, but not an in-law; thus, the spouse of a child will not qualify.
Effective Dates – This new provision is effective for plan years beginning on or after September 23, 2010. Therefore, for plans in existence before the September date, the mandatory coverage for children could be delayed until the next anniversary date for the policy. With that said, there are a huge number (65 at publication date) of insurers that have agreed to an early implementation of this provision. Check with your employer, insurer or plan administrator to see when the coverage will be available for your health policy.
Tax Benefits – Under a change in tax law included in the Affordable Care Act, the value of any employer-provided health coverage for an employee’s child is excluded from the employee’s income through the end of the taxable year in which the child turns 26. This tax benefit applies regardless of whether the plan or the insurer is required by law to extend health care coverage to the adult child or the plan or insurer voluntarily extends the coverage. The tax benefit is effective March 30, 2010. Consequently, the exclusion applies to any coverage that is provided to an adult child from that date through the end of the taxable year in which the child turns 26.
Broad Eligibility – This expanded health care tax benefit applies to various workplace and retiree health plans. It also applies to self-employed individuals who qualify for the self-employed health insurance deduction on their federal income tax return.
Self-Employed Individuals
Thus, self-employed individuals can include their child under the age of 27 in their self-employed plan and deduct the premium cost as part of their above-the-line, self-employed health insurance deduction.
Pre-Tax Coverage Through Employer’s Cafeteria Plan – In addition to the exclusion from income of any employer contribution towards qualifying adult child coverage, an employee may pay the employee’s portion of the health care coverage for an adult child on a pre-tax basis through the employer’s cafeteria plan – a plan that allows employees to choose from a menu of tax-free benefit options and cash or taxable benefits. The IRS provided in recent guidance that the cafeteria plan could be amended retroactively up until December 31, 2010 to permit these pre-tax salary reduction contributions.
Enrollment Notice – For plan or policy years beginning on or after the September 23, 2010 implementation date, plans and issuers must (see an exception below) give children who qualify, an opportunity to enroll that continues for at least 30 days regardless of whether the plan or coverage offers an open enrollment period. This enrollment opportunity and a written notice must be provided no later than the first day of the first plan or policy year beginning on or after September 23, 2010. The new policy does not otherwise change the enrollment period or start of the plan or policy year.
Exception – There is one exception for group plans in existence on March 23, 2010. Those group plans may exclude adult children who are eligible to enroll in an employer-sponsored health plan, unless it is the group health plan of their parent. This exception is no longer applicable for plan years beginning on or after January 1, 2014.
Equal Benefits – Any qualified young adult must be offered all of the benefit packages available to similarly situated individuals who did not lose coverage because of cessation of dependent status. The qualified individual cannot be required to pay more for coverage than those similarly situated individuals. The new policy applies only to health insurance plans that offer dependent coverage in the first place; while most insurers and employer-sponsored plans offer dependent coverage, there is no requirement to do so.
Seniors, your coverage and income are under attack to pay for wealthy adults posing as children, thanks to The Obama and the members of the DSP.
That Sen. Al Franken is all over this spending.. He really knows his stuff.
The watchdog group Media Matters fact-checked Mattera’s claims about a $7 billion jungle gym slush-fund in the health care bill.
The watchdog group Media Matters fact-checked Mattera’s claims about a $7 billion jungle gym slush-fund in the health care bill.
The provision Mattera himself reads refers to giving grants to “provide physical activity opportunities” in order to reduce chronic disease. After falsely claiming that the bill contains a provision “giving $7 billion to fund jungle gyms,” Mattera reads the provision he’s referring to, which contains no mentions of “jungle gyms.” In the “Creating Healthier Communities” portion of the Senate version of the bill, under the section “Community Transformation Grants,” entities receiving grants may use them toward activities such as “creating healthier school environments, including increasing healthy food options, physical activity opportunities, promotion of healthy lifestyle, emotional wellness, and prevention curricula, and activities to prevent chronic diseases.”
Never before has the will of the people been so completely
ignored and marginalized. Americans nationwide are expressing
OUTRAGE at the overt manipulation and total lack of integrity
that characterized the final vote on ObamaCare. Reid,
Pelosi and Obama proved they were willing to do ANYTHING
to get this control of our medical system.
With your help, Liberty Counsel will fight in court on
behalf of Americans like you who know that Obama Care is
an outrageous, unconstitutional infringement on our personal
liberties!
Please, take a moment to listen to my audio message
highlighting the events of the past few days. I have also
appended a copy of Liberty Counsel’s official News Release
and the text of the actual lawsuit next to your Statement
of Support. Access it all by clicking here:
http://www.grassfire.net/r.asp?u=26505&RID=19554406
Also, please join thousands of other like-minded Americans
who will be putting the plotters on notice that we will
SEE THEM IN COURT and thwart this power grab once and for all.
TAPPER: When you talked to these members of Congress, you told me what you tell them. What do you hear back from them? Do you hear back from venerable members who are worried this bill will cost them their jobs?
BIDEN: Well, I yes. Some of them I say they say, well, Joe, look, man, I mean, you know, you guys haven’t massaged this very well. And, you know, this thing has gone on so long, I don’t know. And my response is, hey, man, the proof of the pudding is in the eating. I’m telling you, you know, pre-existing, they’re going to be covered. You know we’re going to control the insurance companies. You know people aren’t going to lose their health care with their employer like is being advertised. So you’ve got to if you really want to make sure that you get the benefit of what you’ve already done, vote for the bill.
And I look, Jake, I really, truly believe that the worst place to be, as a legislator, is being in the position where your side is being pummeled for an idea and there’s misrepresentations about all the bad
things the idea is going to generate. And then the idea fails and then they go, see, I told you Jake was for it. And had I not stopped, Jake, there would have been death panels.
http://blogs.abcnews.com/politicalpunch/2010/03/exclusive-vice-president-biden-says-obamas-cancelled-trip-not-a-bad-sign-for-health-care-bills-prosp.html
Result of passing government health care:
IRS may need to hire as many as 16,500 additional auditors, agents, and other employees to investigate and collect billions in new taxes from Americans.
This is what the Health Care Bill is really about:
Lobbyists and Labor Unions
Media reports indicate Democrats were working overtime this weekend with pharmaceutical lobbyists to craft language that would benefit a few huge companies. Pharmaceutical companies previously struck a related deal with the White House. They report the President promised to protect their interests if they would publicly support his bill. And today those pharmaceutical companies began to payback Obama, Pelosi and Reid by purchasing TV ad time meant to protect vulnerable Democrats.
Labor unions and their lobbyists continue to push for exemptions from the new taxes on health insurance. Democrats want to use reconciliation to pay off these union bosses—making sure they don’t have to pay the tax that will be forced upon other American families.
And though we don’t know exactly what happened behind closed doors—Democrats went to great lengths to protect trial lawyers by blocking medical lawsuit reform.
Backroom Deals for Democrats
Democrats MIGHT try to remove the “Cornhusker Kickback”—a special deal given to Senator Nelson to win over his vote in December. But their bill is FULL of other special deals for endangered Democrats. Politico reports that none of these other special deals “appear to be in any kind of danger.”
Some of the backroom deals include:
The “Louisiana Purchase”: a $300 million special deal for Louisiana. [Bill page 428]
“Gator Aid”: a provision that protects Florida seniors from Medicare cuts. Seniors in all 49 other states will see benefits cut under this bill. [Page 878]
Increased Medicaid payments to Hawaii—a benefit that will be paid for by the other 49 states. [Page 2132]
Special Medicare coverage for the people of Libby, MT. That’s right, a special provision for the people of one town. [Page 2222]
$100 million to construct a hospital in Connecticut. [Page 2354]
An exemption from new taxes for ONE Michigan insurance company. [Page 2394]