Health Insurance In California: Will Healthcare Reform Affect You?
It’s estimated that 4 million Californians will get access to healthcare with the changes initiated by the Patient Protection & Affordable Care Act. You can use your annual income to see whether you’ll be qualified for assistance. If you make between $14,403 and $41,000 a year, or your combined annual family income is under $73,240, you will be eligible to get Health Insurance Plans in California through the exchange and you can use subsidies to make it more affordable. If you don’t have children and your annual income is below $14,403, or you are a parent and your annual income for a family of three is under $24,360, you will be eligible for Medi-Cal. Healthcare reform expands this public program to increase financial assistance to people with incomes in the low to middle range What Does Healthcare Reform Do For Children?Healthcare reform will extend coverage to more children by increasing help to families, but it also allows parents to cover their children under their California health insurance for several more years. As of September 2010, children can be protected by their parent’s coverage until they become 26.In addition, healthcare reform specifically ends exclusions on pre-existing health problems. If you are one of the millions of children with a problem like asthma who have been barred from medical care for years, you’ll have access to much-needed care. Does Healthcare Reform Affect Seniors?If you are at least 65, you will continue to get Medicare, and healthcare reform extends the viability of Medicare. For seniors in the infamous Medicare “doughnut hole,” which means Medicare does not pay for your prescriptions, healthcare reform cuts your out-of-pocket costs for prescription drugs with a $250 rebate check in 2010. Ultimately, reform is designed to completely remove the Medicare gap in coverage for prescriptions by 2020. In September 2010, healthcare reform ends the charging for recommended preventive services so seniors can receive an annual wellness check-up for free. This can help catch health problems early when they are most treatable and reversible, and give seniors peace of mind.What Does Healthcare Reform Mean To Legal U.S. Residents?If you have been a legal, permanent U.S. residents for less than five years, you will be able to buy insurance through the exchange in 2014 and take advantage of subsidies to make it more affordable. If you have been a legal, permanent resident for more than five years, you may be eligible for Medi-Cal in 2014. Undocumented immigrants will not be able to participate in the exchange or Medi-Cal, but healthcare reform does not block them from receiving care at health centers, hospitals or local community clinics when they need emergency medical help. When Will You Be Able To Get California Health Insurance?Whether you need family or individual coverage, the exchange is mandated to be available in 2014. California may expand the Medi-Cal program (Medicaid) before 2014. If it expands Medi-Cal to all residents with an annual income below $14,403 (that’s 133 percent of the federal poverty level) before 2014, the federal government may help California cover the cost. When Will You Need To Have Health Insurance In California?If you are a U.S. citizens or a legal resident (with a few exceptions), you will need minimal essential coverage for yourself and your dependents in 2014. You can be covered through employers, individual plans, the exchange or Medi-Cal. American Indians, people who prove financial hardship or religious objections, those in prison and undocumented immigrants do not have to purchase health insurance. All others will have to pay a tax penalty of $95 in 2014 if you decide not get health insurance. If you are still not covered with a health plan in 2016, that penalty will have grown to $695. It’s estimated that 8.2 million are now without coverage in California. Healthcare reform is expected to extend coverage to an estimated 4 million. What about the other 4.2 million people? They are believed to be mostly undocumented immigrants who will not participate in the extended coverage.
Equipment Lease Finance Tips for New Businesses
Equipment lease finance is a great option for those who are planning to start a new business. Instead of applying at a bank for a loan to purchase necessary equipment, one can choose a leasing option which helps avoid unnecessary delays in the business operation. Moreover, one can avoid the normally extended waiting period to get their bank loan approved. In this article, we will talk about the essential tips for start-up businesses, new businesses and established businesses that are planning to apply for equipment lease financing.
In the first place, it is very important to consider one’s qualifications. Leasing companies each have their own set standards for approving leases. Always make sure that the company you choose offers services for start-up or new businesses. You will come across many lessors who are willing to finance customers with a good credit. So if your credit history is below the mark, you will want to work with leasing companies that have lower credit experience.
Many leasing companies also have restrictions on the kinds of equipment they are able to finance. For example, some lessors do not lease high-risk equipment like restaurant equipment, ATM machine routes, vending machines, etc. So you should first find out whether the leasing company you have chosen is able to provide you financing for the equipment you require. One more important thing that should be taken into account is the expiration term. You should carefully research the exact date and nature of the expiration of your lease.
When choosing the equipment lease financing option, it is very important to choose a program that is suitable for your needs. Lease programs vary depending on the company providing them. Moreover, there is no standard lease program that will suit every type of businesses. One must consider a number of things before choosing an equipment lease program. For example, the size and financial health of your organization are very important. Important information about lease programs offered by a particular company is available on its website. You should always choose a company that has a well- maintained website where you will find clear program and contact information. The better known companies will also have a simpler lease process that is more manageable and hassle-free.
Equipment lease financing has become quite popular during a time when business owners do not want to go into the hassles of bank loans that include financial statements, pro forms, business plans, tax returns, etc. Companies prefer to work with an experienced equipment financing company with whom they can freely discuss their company’s details with knowledgeable professionals and learn more about equipment lease financing