The Daily Item, Sunbury, PA

Business

August 19, 2013

The Color of Money: Getting ready for Obamacare

 A marketplace like no other is opening soon.

     Beginning Oct. 1, people without health insurance can shop for what is promised to be affordable health care coverage.

     It's all part of the rollout of the Patient Protection and Affordable Care Act, which was passed by Congress and signed by President Obama in 2010. For the last three years, various parts of the law have been implemented: Young adults can  stay on their parents' health insurance until they turn 26; insurance companies are prohibited from imposing lifetime dollar limits on essential services such as hospital stays; people with Medicare get free preventive services. 

     Next up is a part of the law that requires most Americans to maintain "minimum essential" health insurance coverage. It's one of the more controversial provisions of the law commonly referred to as Obamacare.

     Remember all the fuss about the Supreme Court weighing in on this mandate? The court ruled last year that the government could make people buy insurance. So unless you are exempt or you are covered through your employer or a government program, you have to purchase insurance from a private company or face a penalty. Open enrollment runs from Oct. 1 to March 31.

     This is the first of a series of columns explaining the provisions of the law that are due to take effect next year. But ultimately, you're going to have to do some research yourself. Don't be informed by rumors or the political discourse surrounding this law. There's enough complication in the application of the provisions that you don't need to add to your fears or frustrations by getting advice that is politically motivated.

     Thankfully, you have help. Your first stop should be www.healthcare.gov or CuidadoDeSalud.gov for Spanish speakers. It's an easy site to navigate. The information is nicely broken down in various sections. Every state and the District of Columbia will have a health insurance marketplace. Your state may have set up its own exchange or has plans to join with other states to create a regional exchange. Or maybe your state might have opted to let the federal government establish one. 

Text Only
Business
  • How to become a leader

    QUESTION: I’ve just been promoted into a leadership role. I’m excited, but also kind of overwhelmed. What do I need to do to be good at my new job?

    July 24, 2014

  • Balancing Act: How much is your time worth? Consider outsourcing some tasks

    Todd Paton has a booming business getting customers noticed on the Web. One tool he uses is generating online press releases to build brand awareness and create links that will send traffic to a customer’s website. But Paton, owner of Paton Internet Marketing, acknowledges that writing the releases is not his strong suit. Rather than spend his time doing it, he hires out the task.

    July 23, 2014

  • The Color of Money: No easy way to get out of debt

    Many people who are deeply in debt are desperate for a quick fix. They ask the question: What can I do to get out of debt?

    July 21, 2014

  • Watercooler: When to speak up if you see problems down the line

    Q: Our organization has hired a new director. I am one of a number of division heads; above us, there's the associate director, and above him is the director. The associate director is feared and disliked for his duplicity and dictatorial nature, though few have come forward because of his vindictiveness.

    July 18, 2014

  • Career Coach: Bringing a purpose-driven spirit to work

    Increasingly, religious beliefs and practices of employees are becoming more evident in the workplace. Religious diversity and concepts of spirituality are more prevalent in organizational settings.

    July 18, 2014

  • Ask the Mompreneur: It’s best to farm out your payroll

    When my husband and I hired our first employee at our Web development company, we had it easy when it came to doing payroll.

    July 17, 2014

  • Protecting against unnecessary losses

    QUESTION: I run a small bar and grill which is open 7 days a week and have to rely on others for some of the shifts. How can I ensure employees have not become my partners?

    July 17, 2014

  • A checklist for keeping you focused at work

    A quick check of Facebook and next thing you know, a half-hour’s passed. Start chatting with a co-worker and suddenly 20 minutes is gone and the report you were supposed to finish by lunch is late.
    Workplace distractions are everywhere, especially in an age of social media and open-plan offices. In the face of so much temptation, accomplishing what you’re paid to do can be tough.

    July 16, 2014

  • It could be time for a career coach

    Need a little help figuring out your next career move?
    If you’re putting in the hours and still not seeing the rewards, feeling undervalued or simply striving to be more successful, it may be time to hire a career coach.

    July 16, 2014

  • Your Office Coach: Turn to boss for help with disgruntled underling

    QUESTION: When I joined this company a few weeks ago, I discovered that the person who previously held my position is now working for me. “Sarah” obviously resents my presence and frequently says I don’t have the authority to manage her, even though I clearly do. Her negativity has made my job much more difficult.

    July 15, 2014

Business Video
Stocks