1095-B, 1095-C Forms for 2017: Updates from IRS

The IRS has announced an extension for employers and insurers to furnish forms 1095-B and 1095-C for 2017 coverage. This might result in tax payers not having these forms to file taxes before April 15th, 2018. Employers must supply 1095-B to employees they provided coverage to in 2017 by March 2, 2018. Insurers must supply 1095-B…

Short Term Health Insurance Vs. ObamaCare

Understanding Short Term Health Insurance Under the Affordable Care Act We explain short term health insurance and how it is different than major medical coverage purchased on the marketplace during open enrollment under the Affordable Care Act (ObamaCare). Short term health insurance is typically a limited benefit health insurance. Short term doesn’t follow the new…

ObamaCare: Everything You Need to Know About the ACA

What is ObamaCare? Understanding The Affordable Care Act (ACA) “ObamaCare” is a nickname for the healthcare law known as the Patient Protection and Affordable Care Act of 2010 (PPACA). The law is often called the Affordable Care Act (ACA) for short. Many people are aware of the basics of the Affordable Care Act (ACA). They are aware…

10 Tax Tips for the ACA or ObamaCare for the 2018 Tax Season

There are a few taxes related to ObamaCare that require the attention of most tax paying Americans. Below we review the most important tax tips for 2018. In a nutshell, you’ll likely want to: Have your 1095 form filed on your behalf (by your insurer, employer, or the Marketplace) on hand. Get Form 8962, Premium Tax Credit (PTC) Get Form 8965, Health…

The Penalty For Not Having Health Insurance in 2018

The Shared Responsibility Payment For 2018 The penalty for not having health insurance in 2018 is expected to be $695 per adult and $347.50 per child (up to $2,085 for a family), or it’s 2.5% of your household income above the tax return filing threshold for your filing status – whichever is greater. You’ll pay 1/12 of the total fee…

Short-Term and Major Medical Health Insurance

Short Term Coverage Vs. Major Medical Coverage Short term and major medical insurance plans both provide coverage in case of a medical catastrophe, but they have significant differences. Short-term plans are typically used to fill in the gaps between major medical coverage. They act as a temporary coverage and often offer lower premiums for less…

Get Covered During Open Enrollment

Everything You Need to Know About Open Enrollment Get covered during open enrollment under the Affordable Care Act. Open enrollment starts Nov 1st and ends Dec 15th in most states. Unless you have access to coverage through work, Medicare, or another source, open enrollment is the only time of year you and your family can…

HSA Limits for 2018

Health Saving Accounts and ObamaCare for 2018 We cover everything you need to know about Health Savings Accounts (HSAs) for 2018, including how HSAs work with health plans under the Affordable Care Act. TIP: The Affordable Care Act is sometimes called “ObamaCare” or the “ACA” for short. Thus, this page is about HSAs and how…

Get Ready for 2018 Open Enrollment

ObamaCare’s open enrollment period for 2018 starts on November 1st, 2017 and ends on December 15th, 2017.  This is what you need to know to enroll for 2018. Some states have longer enrollment periods, so you will have to check your state’s rules. • Open enrollment is the only time you can get cost assistance, enroll…

How to Sign Up For TrumpCare

Everything You Need to Know About Enrolling in TrumpCare We explain how to sign up for TrumpCare and enroll in a TrumpCare plan (i.e., how to sign up for health insurance under President Trump). That means we’ll explain health insurance enrollment dates, how to get cost assistance, and other important information for getting covered under…

What Will Happen if ObamaCare is Repealed?

What Does an ObamaCare Repeal and Replace Plan Mean For America? We will explain both “what will happen if ObamaCare is repealed” and “what will happen if the latest repeal and replace plan goes through.” The Basics House Republicans passed the latest version of their repeal and replace bill 217-to-213 on Thursday May 4th, 2017. The bill will now…

ObamaCare Open Enrollment 2018

Published: April 10, 2017 Last Updated: Sept 7, 2018 Understanding ObamaCare’s 2018 Open Enrollment Period ObamaCare’s 2018 Open Enrollment period started November 1, 2017 and ends on December 15, 2017. However, some states extended enrollment until January 2018. See state-specific deadlines for 2018 coverage below. Open enrollment is the only time you can enroll in a health…

The Difference Between ObamaCare and TrumpCare

TrumpCare vs. ObamaCare What is Different About the American Health Care Act / Better Care Reconciliation Act (TrumpCare) and the Affordable Care Act (ObamaCare)? We explain the difference between ObamaCare and TrumpCare to show how TrumpCare (the American Health Care Act / Better Care Reconciliation Act of 2017) and ObamaCare (the Affordable Care Act) are different. The goal of this…

Facts on the American Health Care Act

Everything You Need to Know About the American Health Care Act Below is an unbiased list of everything you need to know about the American Health Care Act (the ObamaCare replacement plan some call TrumpCare). UPDATE 2019: This plan never passed, and thus some specifics here are of historical interest only. TIP: Everything below is subject…

What is a Major Medical Health Insurance Plan?

A major medical health insurance plan generally describes any private individual or family plan sold after 2014 that follows the ACA’s new guidelines. This means it is a plan that counts as minimum essential coverage, offers the ten essential health benefits, follows guidelines for deductible and out-of-pocket maximum limits, and covers “major expenses” associated with serious illness…

ObamaCare Cost Assistance For 2017 Plans

Updated Cost Assistance Information for 2017 For 2017, shoppers can get three types of health insurance cost assistance under the ACA: Premium Tax Credits, Cost Sharing Reduction Subsides, and Medicaid/CHIP. Below is updated cost assistance information for 2017 plans, including all plans purchased during 2017 open enrollment Nov 1. 2016 – Jan. 31. 2017. TIP: Seniors…

ObamaCare and HSAs for 2017

Health Saving Accounts and ObamaCare for 2017 We cover everything you need to know about Health Savings Accounts (HSAs) for 2017, including how HSAs work with ObamaCare plans. What Are Health Savings Accounts? Health savings accounts are tax-advantaged medical savings accounts that you can draw money from for certain medical expenses. They work a bit…

ObamaCare Open Enrollment 2017

Understanding ObamaCare’s 2017 Open Enrollment Period Open Enrollment 2017 started November 1, 2016 and ended January 31, 2017. Open enrollment is the only time you can enroll in a health plan on the individual market without qualifying for special enrollment. That means if you wanted to get cost assistance and avoid the monthly fee for 2017,…

ObamaCare News Archives 2012 – 2014

ObamaCare News Archives Below you will find our archive of news articles on the Affordable Care Act from 2012 – 2014, see our current ObamaCare news section for recent news related to the ACA. ObamaCare News November 2014 Should I Shop Inside or Outside of the Marketplace? Published November 20th, 2014 by ObamaCare Facts Most of…