I do support health insurance for all, and Vermont has been way ahead of the rest of the United States in providing excellent insurance options with good coverage. “Obamacare” is bringing the same, better coverage to the rest of the country.
However, with 2014 almost on us and the demand of the Vermont Health Connect exchange, the small-business owner is really hit hard in several ways:
1. Sole proprietors and husband-and-wife partners will no longer be able to buy their insurance as a business but will need to sign up as individuals, thereby losing their federal income tax adjustment for health-insurance premiums.
2. Although the premium rates are comparable to the past several years - up approximately 4 percent - the maximum out-of-pockets (MOPs) go through the roof.