What is a Health Savings Account? A Health Savings Account (HSA) is a tax-advantaged medical savings account you can contribute to and draw money from for certain medical expenses tax-free. HSAs can be used for out-of-pocket medical, dental, and vision. HSAs can’t be used to pay health insurance premiums. HSA’s can only be used with…
There are several reasons you may have to file taxes under ObamaCare (the Affordable Care Act). Learn how to file your ObamaCare taxes in 2019 and beyond. This section includes tips on: how to make a Shared Responsibility Payment for not having coverage, how to report health coverage known as Minimum Essential Coverage, how to…
How does health insurance work? You pay a monthly premium and your share of annual out-of-pocket costs, and your insurer pays it’s share of covered costs. The concept is simple, but getting that perfect health plan takes some brain power and elbow grease. By taking the time to master and internalize the content of this page,…
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Here is our ObamaCare Thanksgiving list of the reasons we are grateful for the Affordable Care Act. Before you read our ObamaCare Thanksgiving list, take a moment to listen to a Thanksgiving message from our President. We are grateful to the Affordable Care Act because: • 8 million got affordable coverage through the marketplace and millions more got covered last…
John Boehner filed a lawsuit Nov 24, 2014 to sue the President over taking executive action on the Affordable Care Act (ObamaCare). The “Boehner lawsuit” focuses on the delay of the employer mandate, the claim that funds are paid to insurers without congressional approval, and overall takes issue with the Presidents use of executive action to implement…
What You Need to Know About ObamaCare (the Affordable Care Act) in 2015 There aren’t a lot of changes for ObamaCare in 2015. Let’s review ObamaCare’s 2015 changes and what you need to know to stay covered and save money. We will review the enrollment process for 2015, what steps you should take to ensure…
ObamaCare’s open enrollment period for 2015 starts on November 15th, 2014 and ends on February 15th, 2015. Let’s review the most important things to know about open enrollment in the health insurance marketplace for 2015. • Open enrollment is the only time you can get cost assistance, enroll in a plan, or change plans. This is true whether you…
Get the Facts on Young Adult Sign Ups Under the ACA ObamaCare enrollment numbers for young adults are about 2.6 million under the age of 26. The 18-34 demographic, the young adult demographic, disproportionately qualifies for cost assistance and Medicaid, this led to high enrollment numbers (28% of all enrollments) and an expectation of high…
Get the Facts on Medicaid and CHIP Sign Ups Under the ACA Medicaid signups during open enrollment exceeded 7 million. The Medicaid enrollment numbers were primarily due to Medicaid expansion, however the increased awareness of Medicaid created a woodworking effect (those who were eligible before the law “came out of the woodwork” to sign up…
What is Medigap Insurance? Medigap, or Medicare Supplement Insurance, “covers the gap” between Original Medicare and your medical costs. Supplemental Medigap plans are sold by private companies and make sense for seniors who have costs that aren’t covered under traditional Medicare Part A and B. If Original Medicare isn’t covering your medical needs, you’ll want…
Medicare Open Enrollment Medicare open enrollment is the time when you can enroll in Medicare. Medicare Part A, B, C, D, and Medigap have different enrollment period dates. Below we will review all the Medicare open enrollment dates and attempt to provide every detail and answer in the simplest way possible. When in doubt go to Medicare.gov or…
Everything You Need To Know About Short Term Health Insurance Under the Affordable Care Act Short term health insurance is meant to provide temporary health coverage. Short term plans don’t have to offer all of ObamaCare’s benefits and protections. Pros and Cons of Short Term Health Insurance The pros and cons of short term health…
The Small Business Health Insurance Marketplace Employers can use the SHOP Marketplace (Small Business Health Options Program) to get lower costs on group plans and claim tax credits. In 2015, employers with less than 50 full-time equivalent workers (FTE) can use the SHOP. In 2016, the SHOP opens for businesses with 100 or less FTE. FACT:…
Guide to Buying Health Insurance: How Health Insurance Works Our guide to buying health insurance walks you through how health insurance works and how to buy health insurance plans under the Affordable Care Act (ACA or Obamacare). Below we take a look at how ObamaCare affects buying health care plans, different ways to buy health insurance under…
How to Use Your State’s Health Insurance Marketplace to Buy “Affordable” Health Insurance ObamaCare’s Health Insurance Marketplace, or ObamaCare Marketplace, is your State’s price comparison website for subsidized health insurance under the ACA. The following guide will explain the marketplace and how you, your family, and your business can compare health plans and qualify for…
How to Calculate Tax Credits and Subsidies for Health Insurance Sold on the Health Insurance Marketplace Our ObamaCare calculator will help you calculate tax credits and subsidies for health insurance sold on the Health Insurance Marketplace. Use this quick health insurance tax credit guide to help you understand the process. Or, just use one of the…
ObamaCare Facts 2020: Nosotros te decimos los hechos, no los puntos de discusión Plan Salud ObamaCare en Español; Les presentamos los Datos Sobre el Plan de Salud de ObamaCare en español. Nosotros te decimos los hechos, no los puntos de discusión. Conozca los hechos de ObamaCare (la Ley de Protección a Pacientes y Cuidados de…
Let’s Take a Look at the Uninsured and How the Affordable Care Act has Changed Things The uninsured rates dropped to all times lows under the Affordable Care Act. The rate has however changed over time, for example, the rate rose under Trump (in part due to the fee for not having coverage being reduced…
Understanding ObamaCare (Patient Protection and Affordable Care Act) ObamaCare is a nickname for The Patient Protection and Affordable Care Act (sometimes called the Affordable Care Act, ACA, or PPACA for short), a health reform law signed on March 23, 2010, by President Barack Obama. ObamaCare seeks to reform health insurance and healthcare in the United…
Ted Cruz Becomes the Poster Boy for the Anti-ObamaCare Movement Ted Cruz and ObamaCare have become closely entwined since the Republican Senator from Texas took the forefront in the defund ObamaCare effort. This “rise to fame” came at the cost of being the face of a movement in which house Republicans caused a Government shutdown…
The following is a summary of every provision in the Patient Protection and Affordable Care Act HR3590. Most of what you need to know about the PPACA is contained in title I – Quality, Affordable Health Care For All Americans. Title I contains almost all of the new benefits, rights, and protections, rules for employers,…
Learn About Your State’s Health Insurance Exchange Marketplace ObamaCare’s state Health Insurance Exchanges are open for business. Find your state’s Health Insurance Marketplace and apply for health coverage now. Use the comprehensive list of state-based marketplaces (also called exchanges) found below to find your state’s exchange or to find out if your state uses the…
Qualifying for Coverage Outside of Open Enrollment A special enrollment period is a period outside of open enrollment in which you can get coverage due to qualifying life events. You may qualify for special enrollment if you have certain “qualifying life events” like a change in family status (having a baby, getting married, adoption, etc), losing…
What is Single Payer Health Care? Single payer health care is a health care system where a “single” fund pays for health care costs (rather than private insurers). There are many different ways single payer can work, but the general idea is 1. to create a universal healthcare system (a system that covers everyone) where, 2.…