Often telecommuting is done by people who are freelancers, independent contractors or those who are self-employed. How does healthcare reform affect Denver telecommuters who do not have employer based insurance?
Starting in 2014 you will be required to have health insurance. If you chose not to you will have to pay a tax penalty. The penalty would be 2.5 percent of household income or $695 for each family member up to $2,085 (whichever is higher). If you are an American Indian, have religious objections or have financial hardship, you would not have to pay the fine.
If your income is 133% below poverty level then you can receive Medicaid. If you are uninsured you can shop for insurance from state exchanges. You can apply for government subsidies to help pay for premiums. These are figured on a sliding scale. The cutoff level is at an income of four times the federal poverty level or about $43,000 a year for individuals, $58,000 for couples and about $88,000 for a family of four. If you are under the age of 26, you can have coverage under your parents health insurance plan.
Insurance companies will not be able to drop your coverage when you get sick. There will be no lifetime limits, and they cannot deny you coverage if you have a pre-existing condition.
For more information on how the healthcare reform will effect you, check out this handy tool.