What Should I Do if My Doctor Says He or She Does Not Accept Obamacare? We get this question all the time. The answer is a little tricky. The first thing to point out is that the term “Obamacare” is simply another name for the Affordable Care Act (ACA) which is the law passed in 2010 reforming our country’s health care system. Obamacare is not a type of insurance, or
How Health Insurance Subsidies Could Impact Your Tax Bill
April 15 may seem far away, but it is not too soon to think about your 2014 tax bill if you purchased health insurance through a state- or federally run health insurance exchange. If you’re getting help paying for your coverage in the form of tax credits that subsidize your monthly insurance premium, you must report any changes that could affect either your eligibility for a subsidy or the amount
Understanding Halbig v. Burwell – Can I Still Collect a Health Insurance Subsidy?
We recently learned the outcome of an important legal case with potential implications for health insurance reform. At issue in Halbig v. Burwell was whether or not the language in the Affordable Care Act (in the law itself) gives the IRS and the federal health insurance exchange the authority to distribute premium tax credits to individual policyholders. The argument is that the law states subsidies are available for policies purchased
How Do Premium Tax Credits Work if My Reported Income is Inaccurate?
For many people — for example, the self-employed, seasonal workers, or those with multiple jobs — income fluctuates throughout the year, and also from year to year. Or maybe you got a promotion or raise, took on another job, or lost work. These are other examples of when your income will not be the same as you anticipated. Having an uneven income can make it difficult to accurately report your
What is the Definition of a Tax Household for Health Insurance?
Under the Affordable Care Act (ACA), eligibility for a premium tax credit (also called a subsidy) is based on the income earned by members of your household. Click here to access a chart showing income levels for subsidy eligibility. Who Counts as Part of Your Tax Household? In general your tax household includes anyone for whom you claim a personal exemption on your federal tax return: Yourself Your spouse Your
Exchange Application Checklist
If you need help paying for health insurance, you may be able to get assistance by way of a subsidy. Click here to find out if you may qualify. If you are eligible, you must apply for and enroll in health insurance through the Exchange (also known as the Marketplace) in order to collect the subsidy. Virginia residents will use the Federal Health Insurance Exchange — online at healthcare.gov. Here
Five Myths about the Affordable Care Act
There is a lot of confusion surrounding the Affordable Care Act (ACA). Here are some myths, and the truths behind them: MYTH #1: I must purchase my health insurance on my state’s exchange (or the federal exchange in states like Virginia who are not running their own exchange). TRUTH: You only must purchase your health insurance on the exchange if you are eligible for and wish to collect a subsidy
Enrolling in United HealthCare
Instructions for Enrolling in an Off-Exchange Policy with United Healthcare If you have not yet purchased 2014 health insurance, there is still time and we can help! If you have already discussed a plan with us and you are ready to enroll in an off-exchange plan with United Healthcare, you can apply by completing a paper application. Click here to access the application, and follow our instructions on the first
Enroll in 2014 Health Insurance by March 31
The Affordable Care Act (ACA) Makes Health Insurance Mandatory for Most Americans Beginning January 1, 2014. Although January 1 has passed, there is still time to purchase health insurance for 2014 and avoid a penalty tax. But you must enroll by March 31. After that date, your next chance will be in November 2014, when open enrollment for 2015 coverage begins (unless you have a qualifying event before then that
Enrolling in Humana Health Insurance
Instructions for Enrolling in an Off-Exchange Policy with Humana If you have not yet purchased 2014 health insurance, there is still time and we can help! If you have already discussed a plan with us and you are ready to enroll in an off-exchange plan with Humana, you can apply by processing an online application directly with the carrier. Click here to begin. For more information about specific Humana health
