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Obamacare Copper Plans Could Offer 18 Percent Lower Cost for Small Businesses

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If Obamacare continues to be part of the health debate in 2018, the Copper Plan is a way to stay covered and avoid any warrant penalties.

Copper Plans of Obamacare

Last week, a bipartisan group of senators introduced legislation, increasing access to care, which would create so-called copper plans under the Affordable Care Act. The plans are prioritized by types of metals, in which case copper would be the cheapest or the most affordable.

This new level, according to the National Association of the Self-Employed, would cost about 18 percent less than the bronze plans that currently have the lowest cost.

Bronze schemes would allow more people to join an employer-sponsored health insurance program, and lower Copper rates would require fewer costs to be subsidized by the employer. federal government.

"Many small business owners and entrepreneurs continue to face expensive health care premiums that prevent their affordable coverage, the Copper Plan would provide relief and help. guarantee hundreds of thousands of Americans to care, "says Katie Vlietstra, vice president of public affairs and government relations of NASE.

Copper's plans would aim to attract younger, healthier people to sign up for what is essentially a "catastrophic" health insurance. This is an alternative to what is currently in place, forcing these same low-risk participants to sign up for subsidized Bronze plans. The plans would comply with Obamacare, so registration for one would eliminate the penalty for the uninsured.

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President Donald Trump recently stopped paying the grants on Obamacare, forcing Congress to develop a more affordable plan as Copper plans to reimburse the premiums to Obamacare participants. Trump said he would prefer to repeal Obamacare and took recent executive action to create association health care plans outside of the Affordable Care Act.

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NASE believes that copper schemes are an advantage for owners of micro-businesses and the self-employed, in particular. The organization claims to have introduced the idea of ​​a Copper plan in 2014.

Photo of the Capitol Hill Building via Shutterstock


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