How much has your premium gone up or down?

[byrontx]

Mine was going up 17.8% if I renewed my current company plan and will go up an estimated 26% next year if I wait until after Jan 1 to renew and have to meet the ACA mandates. They are accomplishing their goals with the ACA. Good guy employers are being forced out of employer provided health care.

On the other hand my start-up company is doing well and the ACA is my route for providing health coverage for my employees. It is an absolute plus for us.

[boutons_deux]

"Good guy employers are being forced out of employer provided health care."

An excellent objective. Why should employers provide health insurance?

mandatory govt health insurance, public option, for everyone via payroll/income deduction is getting closer. Much simpler (no hyper-complicated choice), more efficient (like SS), no "providers network" carteliization, etc etc.

[CosmicCowboy]

On the other hand my start-up company is doing well and the ACA is my route for providing health coverage for my employees. It is an absolute plus for us.

Oh, it may be a plus for me too. I will be running the numbers if they ever get the website to work. At first glance it appears I could "save" about 50K a year by putting my employees in ACA and giving them all raises to pay for their portion.

Of course, I won't really be "saving" 50K a year. The taxpayers will essentially just be giving me 50K a year.

Thanks!

[RandomGuy]

Yes, it reduces their taxes. This doesn't make it tax payer subsidized. You really are a moron, aren't you...

Corporations pay a 35% federal marginal rate. For every $1,000,000 they pay in health care, They are still out $650,000 in federal taxes, plus what ever state taxes are.

This is no more a subsidy than the tax deductions you would be able to deduct if you didn't live if your grandmothers basement.

Actually it does.

Simply because you are unable to grasp or understand something doesn't make it false. It just means you have bumped up to the limits of what you are capable of.

It is a governent subsidy.

[boutons_deux]

"For every $1,000,000 they pay in health care, They are still out $650,000 in federal taxes"


... blatantly FALSE

• Gain tax advantages. You can offer employees something that increases their compensation package and yet allows you an income tax deduction for the contribution, so that your out-of-pocket cost is less than the value of the benefit to the employee. Self-employed individuals can deduct 100 percent of their health insurance premium costs as a business expense in 2003 and thereafter. You can always deduct 100 percent of premiums for your employees. If the business is incorporated, all costs for your own insurance as well as your employees' is deductible.

http://www.bizfilings.com/toolkit/sbg/office-hr/managing-the-workplace/offering-health-care-benefits.aspx

The employer typically makes a substantial contribution towards the cost of coverage.^[54] Typically, employers pay about 85% of the insurance premium for their employees, and about 75% of the premium for their employees' dependents. The employee pays the remaining fraction of the premium, usually with pre-tax/tax-exempt earnings.

Although workers are effectively paid less than they would be, because of the cost of insurance premiums to the employer, employer-sponsored health insurance offers several benefits to workers, including economies of scale, a reduction in adverse selection pressures on the insurance pool (premiums are lower when all employees participate rather than just the sickest), and reduced income taxes.^[18] The disadvantages include disruptions related to changing jobs, the regressive tax effect (high-income workers benefit far more from the tax exemption for premiums than low-income workers), and increased spending on healthcare

http://en.wikipedia.org/wiki/Health_...oyer-sponsored


HSA/FSA accounts are also deducted before tax.