Starting in 2014, there are new charges on health insurance companies and on individual taxpayers to fund the ACA (PPACA or ObamaCare). The first one is known as HIT – the health insurance tax. Â This is an assessment on some health insurance companies based on their market share. Health insurers oppose the tax because it […]
2014 Individual Mandate
January 7, 2014 by 2 Comments
I’ve been receiving questions about the individual mandate for 2014. The law states that you may be subject to a fine if you go three consecutive months without medical insurance after March 31, 2014. Â If you go without you may face a penalty on your 2014 federal tax return, only if you’re subject to the […]
Understanding ObamaCare
December 13, 2013 by Leave a Comment
Here is some information to help you navigate Obamacare. 1 – Does your current health insurance plan need to change? If you have a grandfathered plan your going to be able to keep your plan (as long as the health insurance company you have your grandfathered plan with allows you to do so). If you […]
Three More Changes to Health Reform Law
December 6, 2013 by Leave a Comment
This was taken from a Humana email I received late yesterday. Three more changes to reform law In the past two weeks, the Obama administration has announced three major changes. Consumers will now have until Dec. 23 to enroll in coverage to begin on Jan. 1. The deadline had been Dec. 15, “but since so […]
Individual Mandate Delayed
November 3, 2013 by Leave a Comment
Individual mandate penalty delayed October 30, 2013 The part of the Affordable Care Act (ACA or health care reform law) with the biggest impact – the individual mandate – is getting a lot of attention lately. Under the law and regulation as written, people who buy health insurance as individuals (an individual plan) can go […]
PPACA Rollout
May 13, 2013 by Leave a Comment
On Friday President Obama held an event to tout the benefits of ACA, specifically to a large group of women. Â The New York Times is also reporting that the administration confirmed that Kathleen Sebelius, the head of the health and human services, has been trying to raise money from the private sector to promote […]