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<blockquote data-quote="vantexan" data-source="post: 1007358" data-attributes="member: 24302"><p>Goldilocks mentioned this in other thread. Due to the costs involved many companies may drop health insurance for employees, opting instead to pay a penalty per employee. Cheaper for them. I noticed in the from the chairman that they will be looking at it's impact in a couple of years. If it's dropped you'll be required by law to either pay a penalty or carry an acceptable level of insurance. Problem for me is in order to comply with regs as a diabetic, etc I have to be under doctor's care. In order to keep my job if the company drops healthcare as a benefit I'll have to get health insurance which will surely cost me more than if the company offered a plan. Just as my hours are being cut. Hopefully the company won't drop coverage but in the pursuit of profit they very well might and could legally do it. Even if you don't have medical issues you'd still want to have some kind of coverage but can you afford it? You'll have to shell out money in a penalty if you don't so either way you'll spend money, but keeping your family insured will cost you alot more if the company drops coverage. Scream all you want, but it's a very likely scenario that most corporations will drop coverage and just pay the penalty.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1007358, member: 24302"] Goldilocks mentioned this in other thread. Due to the costs involved many companies may drop health insurance for employees, opting instead to pay a penalty per employee. Cheaper for them. I noticed in the from the chairman that they will be looking at it's impact in a couple of years. If it's dropped you'll be required by law to either pay a penalty or carry an acceptable level of insurance. Problem for me is in order to comply with regs as a diabetic, etc I have to be under doctor's care. In order to keep my job if the company drops healthcare as a benefit I'll have to get health insurance which will surely cost me more than if the company offered a plan. Just as my hours are being cut. Hopefully the company won't drop coverage but in the pursuit of profit they very well might and could legally do it. Even if you don't have medical issues you'd still want to have some kind of coverage but can you afford it? You'll have to shell out money in a penalty if you don't so either way you'll spend money, but keeping your family insured will cost you alot more if the company drops coverage. Scream all you want, but it's a very likely scenario that most corporations will drop coverage and just pay the penalty. [/QUOTE]
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