The new health care bill is one that is very complex. There is so much attach to this bill that its affect is different on everyone in America. In fact, this bill is so complex that it could affect you differently than even your next door neighbor in the same income bracket as you.

Here is a layout of this new bill that will affect the majority of America:

This new bill will begin to unfold in 2014 and after. One of the first parts of this bill will require all low income households to have insurance. If they do not already have insurance, they will be required to purchase health insurance. If these families do not purchase health insurance, they will be charged with a penalty fee of over $2,000.

If your family already has insurance, then it is likely you won’t see much of a change. There may eventually be a decrease in your rates, but this is not for certain.

Whether or not your insurance rates will change will depend on how many people are added into your insurance provider’s insurance pool.

There will be a raise in taxes on the higher income households to try and help cover some of the costs of the lower incomes required health care. There will be a cap in the tax amounts, but the higher income bracket can expect to see an increase of a couple thousand dollars every year.

Small businesses will feel it the most as they will also be required to purchase health insurance. However, there will be tax breaks, discounts, and subsidized discounts to help.

While some companies may be able to dance around this requirement, most will be required to have some kind of health insurance available for their employees. This is a great thing for workers who are employed with small businesses, as they may not have otherwise received coverage.

There is still a lot of time and information yet to be released on this new bill. However, for now it is apparent that the requirement for health insurance is going to have the most effect on everyone in the country.

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