The last items in this section of Health Care, Federal Employees Health Benefit Program, and Centers for Medicare and Medicaid Services will be forthcoming shortly.
CMMS is the bureaucratic center of the Health Care puzzle. FEHBP is complicated and I still have to tidy up some loose ends such as what is the relationship if any of the Railroad Employees Pension Plan which by federal law is in lieu of Social Security with Medicare and any supplemental insurance plans
Two news items in the past 24 hours are of interest. The first is one of many tidbits that are posted almost daily regarding the proposed Health Care program. The latest is a planned surtax on incomes over $230,000.00 (single) that will cover almost 50% of the estimated costs of any new plan. That along with the expiration of the Republican sponsored tax relief in 2010 means that some people are going to have a big income tax bill. I am sure that before it gets Senate approval there will be a major modification'
The other also related to the expiring tax cuts is the exemption on Federal Estate Tax on estates less than $3 million. 2010 is also the last year this will be in effect after that all estates over $1mil will be subject to taxes up to 55%. Few know that in New Jersey the benefit from the high level before Federal Tax had little effect because in this state there was concurrently a tremendous rise in the State Tax rate. I am sure that there will be no relief here after 2010. Once a source of income (tax) is in place it is almost never removed.
Non Sequitur; To my annoyance of the TV reporters, especially those reporting weather, using the phrase "We have got" pleas add "Bo Don't Know". (Bo do not know).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment