Obamacare could eat up your raise

“Expecting to get a raise next year? It could be eaten up by your health care bill.  In an effort to meet the affordability requirement of the Affordable Care Act, which kicks in next year and requires that workers spend no more than 9.5% of their income on premiums, more employers are turning to insurance plans in which premiums vary based on a person’s salary, rather than having all workers pay a flat rate. That way, employees who make more money pay bigger premiums.  While the strategy, which some employers have been using for decades, is still not mainstream, more companies are adopting the system as a way to prepare for the health reform law.”

http://www.marketwatch.com/story/obamacare-could-eat-up-your-raise-2013-06-27

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