With the first quarter of 2013 rapidly coming to a close, folks have to begin to brush up on their understanding of the changes to the health insurance system that will be taking place January 1, 2014 under Obamacare.
A recent blog published at Forbes.com by physician turned financial planner, Carolyn McClanahan, provides an outstanding overview of how the new law may impact individuals and families. In my humble opinion, Carolyn is probably the foremost expert on Obamacare and how it will impact families, having read every single page of the 2,409 page bill. The link above will take you to her post.
In short, if you have individual health insurance, it is probably going to get more expensive next year. If you are on your spouse’s health care plan through their employer, it is possible you will have to find new coverage at the end of this year. And in either event, the cost of obtaining coverage under the new law may surprise you.
This is a particularly well written article by one of the foremost experts in the industry. If you are interested in following updates on the new law, be sure to follow her posts on forbes.com and twitter @carolynmcc.