Image: AJay Tallam under CC 3.0
Although agriculture currently employs under 2% of American workers, farmers play a significant role in feeding the nation. How will affordable health insurance reform affect them?
For farming families, the impact is mixed.
On the positive side:
- Health insurance exchanges will be created in 2014, which are meant to make prices more competitive for farmers and others.
- A family of four that earns up to $88,000 will be eligible for subsidies to help them purchase health insurance. Most small farmers fall under this threshold.
Unfortunately, there is also bad news. Most significant is the individual mandate, which will require everyone to buy an individual health insurance plan. However, the annual penalty for not purchasing it is fairly minor.