Navigation Links
M&L Special Needs Planning. LLC Educates Families With Special Needs On The Obamacare Reforms
Date:5/9/2013

Washington, DC (PRWEB) May 09, 2013

M&L Special Needs Planning, a company located in Washington, D.C., is offering a discussion of the various changes that will occur as a result of Obamacare in 2013 via their company blog. This discussion includes tax changes, program creation and enhancements, and changes to health insurance coverage, focusing particularly on how these changes will affect individuals with special needs.

The majority of the Obamacare changes in 2013 are tax related. To begin with, high wage earners (those who earn more than $200,000 a year or $250,000 for couples) will now face a 0.9% tax hike. There is a new medical device tax; artificial joints, bed pans, and defibrillators, as well as many other medical devices, are now subject to a 2.3% tax. Changes have also been made to the ways in which Americans calculate medical deductions. Previous to this year, Americans could claim a deduction if total medical expenses added up to more than 7.5% of their earnings; as of 2013, that amount has risen to 10%.

Of all the tax related changes that came into effect on January 1st, the one that is perhaps of the most interest to the special needs community is the $2500 per year Flexible Spending Account (FSA) cap. In this account, an employee can deposit pretax dollars that are intended to pay for qualified medical expenses not covered by health insurance. Previous to this cap, the amount of money that could be deposited by an employee to his or her FSA was up to the discretion of the employer. While critics say that this is detrimental to the special needs community, supporters say that the decision was based on the national average amount of the FSA and claim that increased insurance coverage will eliminate the need for a higher FSA cap amount.

In addition to these tax regulation changes, a number of new programs are being implemented under Obamacare in 2013. The Payment Bundling program proposes that an episode of care is billed as a whole, rather than paying for each service separately. It is intended to streamline the process of receiving medical care by facilitating a higher level of cooperation between medical professionals, while increasing the quality of care and lowering costs. Another program intended to promote preventative services, is also in effect. State Medicaid programs offering preventative services, such as cancer screenings, counseling for weight loss, addiction, and smoking cessation, routine vaccinations, and testing for diabetes, high blood pressure, and other preventative services for free, or at little cost to the patient, will now receive money from the federal government. Also, as of 2013 the Children’s Health Insurance Program, (CHIP), has been extended for another two years. The program is a collaboration between state and federal government that ensures that “children in families with incomes too high to qualify for Medicaid, but cannot afford private healthcare insurance, have healthcare coverage.” Funding has been extended until 2015.

M&L Special Needs Planning. LLC works to help families understand how policies such as the Obamacare 2013 affect them and their family member(s) with disabilities. Through the website, the blog, the workshops, and other services these certified financial planners strive to educate families and help them better plan their financial future. Those wishing to learn more on this topic and others can visit the M&L Special Needs Planning. LLC website and are encouraged to contact them for more information.

Read the full story at http://www.prweb.com/releases/2013/5/prweb10716592.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Jacque P. LeBeau, MD, Opening of the LeBeau Clinic, the Exclusive Center Specializing in Plastic and Reconstructive Surgery in Pensacola, Destin and Northern Gulf Coast
2. LAPD Singles Out Narconon Drug Prevention and Education for Special Commendation
3. Crystal Travel Center in Westlake Village Gears Up For Summer with New Member Specials
4. Delta Travel Center in Valencia Celebrates Its Newest Expansion with Member Specials
5. 90% of Pediatric Specialists Not Following Clinical Guidelines When Treating Preschoolers with ADHD
6. 90 percent of pediatric specialists not following clinical guidelines when treating preschoolers with ADHD
7. Testicular Cancer on Rise in U.S., Especially Among Hispanic Men
8. Last Day of the Special Promotion for a Powerful Health and Beauty Tool, Says Sublime Beauty®
9. Special Learning, Inc. to Bring World-Class Education and Treatment Programs for Special Needs to the Philippines
10. McHugh Plastic Surgery & Secret Expressions Med Spa Offer Injection Day Specials
11. Health Education Solutions Releases Special Section on Trends in Health Education – 2013 News and Resources
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/24/2017)... ... March 24, 2017 , ... “End Time GPS”: ... events will interrelate. “End Time GPS” is the creation of published author, Wesley ... while working on military munitions and space-vehicle projects. Now, at age ninety-one, he shares ...
(Date:3/23/2017)... Seattle, WA (PRWEB) , ... March 23, 2017 , ... ... emergency and now estimates that there could be four million Zika-related cases in the ... to date with numbers of US cases reported per year skyrocketing to an estimated ...
(Date:3/23/2017)... Braunfels, TX (PRWEB) , ... March 23, 2017 , ... ... new clinic, located at 960 Gruene Road in Building 2. The clinic is the ... Dr. Andrew Bennett, PT, says opening the company’s second New Braunfels location brings things ...
(Date:3/23/2017)... ... ... are unaware of the dangers that infectious bacteria play in mouth disease, while 1 out ... that dentists recommend. The ramifications of improper oral upkeep go far beyond bad breath and ... hours of work each year due to dental issues. That is why Mediaplanet is proud ...
(Date:3/23/2017)... ... March 23, 2017 , ... The StayWell Company announced today ... accreditation covers StayWell’s asthma, coronary artery disease, congestive heart failure, chronic obstructive pulmonary ... have excellent programs for the delivery and improvement of disease management and that ...
Breaking Medicine News(10 mins):
(Date:3/23/2017)... BELLEVUE, Wash. , March 23, 2017 /PRNewswire/ ... enterprise contract management in the cloud, today ... Agreement and Budgeting solution designed to improve clinical ... Contract Management (ICM) platform , the solution speeds ... compliance with contract research organizations (CRO). ...
(Date:3/23/2017)... March 23, 2017 A research report ... is expected to reach USD 7.2 billion by the end ... preparation is a procedure in which a sample is preserved ... most analytical procedures since the methods are often allowing repeated ... of the most shared procedures in the lab. In many ...
(Date:3/23/2017)... -- Ascendis Pharma A/S (Nasdaq: ASND), a biopharmaceutical company ... unmet medical needs in rare diseases, today announced that ... on Monday, April 3 during ENDO 2017, the annual ... Florida , to discuss new data regarding its ... PTH and TransCon CNP). Ascendis is presenting ...
Breaking Medicine Technology: