How Will the Health-Care Law Impact Your Coverage?

This transcript is automatically generated

Open wide in say.

The Supreme Court has spoken Obama care remains the law of the land you may be wondering what this means for you know.

Well if you have insurance already don't expect to be spared from the overall existing plans will change to meet these new regulations.

Like this preventative services must be covered without out of pocket cost that's a good news the bad news is this.

If you get your plan from an employer watch out they might stop offering coverage and you'll have to find insurance yourself.

That's because obamacare makes it un economic for many employers offer coverage.

And what about premiums watch those continue to rise that's because the cost of health care is still growing as much as three times faster than inflation.

Obamacare has rules to hold down premiums for some groups but it also forces providers to make their benefits more generous raising costs more.

And you -- believe the costs get passed on to yield.

Now this is supposed to be health care overhaul.

But today life looks pretty much the same for most people so when -- the big changes coming.

2014.

That's -- the Medicaid expansion goes into -- states must.

Roll out on -- line insurance exchanges read a pick out a policy kind of like going to Expedia or travelocity but for health insurance and -- the plane tickets.

And some folks will get a tax credit to offset their premium costs.

Insurance companies will have to sell coverage to everybody regardless of preexisting conditions and 2014 -- when the individual mandate hits.

If you don't have insurance you'll be paying that tax penalty.

-- in the first year that's 95 bucks or 1% of your income whichever is higher it goes up from there and it works out to 560.

Dollars for the average America.

Rising to 1412016.

So the mandate is attacks but it's not the only one in fact it's not even the lees summit.

Obamacare contains at least twenty tax hikes on families and businesses adding up to almost 400 -- billion dollars look at back.

The Medicare tax rises by nearly 1% on salaries and self employed in -- 2013.

Investment in come gets walloped to.

Maximum federal tax rates on long term gains goes to 23.

Point 8% and 2013 -- is today's 15%.

And a maximum rate on dividends goes to 43%.

Up from 15% now.

There's other bad news we want to.

For consumers as obamacare weakens the popular flexible spending accounts and then makes it tougher to -- -- medical expenses.

So much to look forward to right.

Until that time understand some of the laws already in place but the requirement shares allow kids to stand their parents' policies until the age of 26.

But Brinkley the good step was put into the early years of the bill's rollout while they're not so attractive -- goes into effect later.

In reality obamacare could still bite the dust so far house Republicans have voted thirty times thirty times to repeal or rein in the health care law.

If Republicans what can win back the senate and the White House we could be looking at a whole new ball game.

We can only hope there will be change.

Massive change and Obama care will be.

Watch Live

How Will the Health-Care Law Impact Your Coverage?

Details

Clips

Health Care

Is Your Health Insurer Watching You?

Are You at Risk of Medical Identity Theft?

Texting to Reduce Depression?

Are Sunscreens Higher Than SPF 50 Necessary?

How Private are Your Medical Records?

When to Consider a Preventative Mastectomy

Angelina Jolie Undergoes Preventative Double Mastectomy

Subway vs. McDonald’s

Fight the Fat By Cutting Meat

Patients Biggest Gripes About Doctors

The Benefits and Risks of Lap-Band Surgery

Warm Weather Means Return of Bed Bugs?

Transcript

Recommended