Have you started thinking about filing your 2014 taxes? April 15 may be a few months away, but this year — the first year the Affordable Care Act (ACA) is in effect — filing taxes will be more complicated for millions of Americans. That’s because certain provisions of the new law — namely, penalties and subsidies — will be reconciled at tax time. If you got health insurance through your
More on Pediatric Dental Essential Health Benefit
We recently received a well-written brochure about the Pediatric Dental Essential Health Benefit (EHB) — Click here. Although the guide was produced by United Health Care (UHC) and we write dental and health insurance policies with many other carriers, it contains some really useful information about how the pediatric dental EHB will work in 2014 under the Affordable Care Act (ACA). We have put up UHC’s guide under our Free
If Your Health Insurance was Canceled You Can Now Claim Hardship
Just days before the December 23 deadline to purchase health insurance, the government announced that anyone who received a cancellation notice for their individual health insurance policy now has the option to claim a hardship and either not purchase insurance at all or purchase a catastrophic health plan. What does this really mean? What is a Catastrophic Health Plan? Here is the definition of a catastrophic health plan as stated
How Much Penalty Will I Pay if I Don’t Get Health Insurance?
The individual responsibility clause of the Affordable Care Act (ACA), also known as the individual mandate, requires all Americans to have health insurance by January 1, 2014, or pay a penalty tax. How Much Will the Penalty Be for not Having Health Insurance? You may have heard the figure $95 per person. That is the basic penalty in 2014 for an unmarried individual, earning less than $19,500/year, with no dependents.
National Association of Health Underwriters Helps Brokers Manage Affordable Care Act (“Obamacare”)
The impact of the troubled online federal health insurance marketplace — healthcare.gov — has been felt by many Americans trying to manage the transition to the Affordable Care Act (ACA), otherwise known as “Obamacare”. And now we have a numeric representation of the impact — last week the Department of Health and Human Services (HHS) released enrollment numbers since the opening of the health insurance marketplace on October 1. The
Health Insurance Premiums Under Affordable Care Act
How will health insurance premiums be calculated in 2014, under Affordable Care Act (ACA)? A policy’s premium is the monthly fee paid to the insurance carrier for health insurance coverage. In pre-ACA policies, insurance carriers can charge differing premiums based upon many factors including, most notably, a person’s age and current health status. Today, the premium paid by someone with a medical condition is typically much higher than that of
Will I Be OK Under Obamacare?
If you have somehow missed all recent headlines about the Affordable Care Act (ACA), otherwise known as Obamacare, a quick peek at our Daily News page should convince you that news is coming in fast and furious. With less than a week until Open Enrollment begins, our phone has been ringing off its hook (as well as our email box filling up) with questions, the gist of which are: Will
