No matter your opinion on the Health Care Reform Bill, it's now the law of the land. You'll want to examine the new law to see how best to change your financial plans. Here are some provisions you may want to consider:
1) If you're a small business owner you may be eligible for a 25% tax credit beginning this year if you make health care more affordable for your employees. Check with your health insurance advisor for details to determine if these credits may offset the cost of increasing health care coverage for workers.
2) Are you retired and caught in the Medicare Part D "Doughnut Hole"? If you are, in 2010 you may be eligible for a $250 rebate. Also, in 2011 a 50% discount is slated for brand name drugs purchased during the Medicare "doughnut hole" years.
3) Also, if you have children who are struggling to make ends meet on their own, insurance coverage provisions must now allow parents to keep children on their plans, if the parents choose, until a child is age 26.
These are just a few of the provisions in the plan. As with any new legislation, read as much as possible to make sure that you claim any benefits you're now eligible to receive.