Below is the HHS 2016 marketplace facts sheet on ObamaCare provided by CMS.gov. There lots of interesting facts in here including new updates on percentages of existing customers who can get plans for less than $100 or $75 (this goes hand-in-hand with the 1 in 6 non-marketplace customers who qualified for plans of $100… Read More
Under ObamaCare the best plan is generally a Silver plan with an HSA, for low income it’s Medicaid / CHIP, and for Seniors at least Medicare A & B. There is a bit more to it, but if we only had one sentence to convey a blanket answer that would be it. If we get one… Read More
People of all income levels, news sources, insurers, and providers have expressed frustration over rising health premiums and deductibles going into 2016.
For 2016 Millions will get coverage, and cost assistance will help ease the impact of rate hikes, yet millions will be left uncovered due to the Medicaid gap.
We explain Scott Walker’s plan to repeal and replace ObamaCare. We compare it to the ACA and examine what it gets right and wrong.
College students have a number of health plan options including the Marketplace, Medicaid, school health plans, catastrophic plans, and their parents plan. Below we take a look at student health options under the Affordable Care Act (ObamaCare). FACT: A university health plan counts as Minimum Essential Coverage for ObamaCare if it’s fully insured or self insured. Aside… Read More
Employers who reimburse employees for individual non-group health plans face a $100 a day or $36,500 per year, per employee excise tax. This rule applies to all employers, but the fine itself is only levied on those who have to comply with ObamaCare’s mandate (firms with 50 or more full-time equivalent employees).
You can continue COBRA for your allotted time until you elect to obtain coverage from another source including another employer.
A recent survey from KKF.org shows that people like their non-group insurance under ObamaCare. The findings are pretty remarkable showing that Republicans are more likely to dislike their insurance then independents or democrats, more people are benefiting from plan costs under the ACA then not, and the only thing people like less than ACA-compliant plans are plans that aren’t ACA compliant.
Even states that didn’t expand Medicaid or set up a Marketplace were set to have a tax on high-end health plans. That said, this tax has been pushed back many times and it may never end up being implemented.
I am 50 years old and have never had health insurance, I always pay out of pocket in FULL for every doctors visit, every ER visit and have always had a reserve of $25,000 dollars saved up through small monthly contributions to draw on in case of emergencies. This is how I figured all American’s… Read More
Open enrollment ended February 15, 2015 but last minute shoppers have until April 30 to get covered and avoid the fee, if they don’t have a health plan yet. *Healthcare.gov customers and select states only.
Owning a home and other assets don’t affect ObamaCare subsidies or Medicaid. Those are both based on household income.
Losing your health coverage by turning 26 qualifies you for a 120-day Special Enrollment period starting 60 days before your 26th birthday. During this period you can shop for a plan and qualify for cost assistance.
An allowed amount is the maximum amount an insurer will pay for a covered health service, the remainder owed by the insured is called “balance billing”. Allowed Amount Versus No Dollar Limits No lifetime or annual dollar limits means there is no limit to what an insurer will spend on all care as a whole,… Read More
Ted Cruz may “get ObamaCare” or as we like to call it “buying health insurance”. Ted Cruz is a showman and we expect he’ll use this experince as a stunt, if he does decide to go through with it.
According to PwC more than 90 new companies related to healthcare have been created since the ACA was signed into law. As more people get access to healthcare new companies are entering the nearly $3 trillion health care market.
Your daughter should enroll in your state’s exchange or the federal marketplace. There she will be able to shop for different qualifying health plans and qualify for cost assistance
The Affordable Care Act (ObamaCare) was signed into law 5 years ago on March 23rd, 2010. We look at the successes, sticking points, and politics of the law.
Employers can use Health Reimbursement Arrangements (HRAs), Employer Payment Plans, and Flexible Spending Accounts (FSAs) to save money on healthcare. We take a look at healthcare arrangements to find out how they can benefits employers and employees alike. We will also look at how they affect employer and employee taxes and penalties. It’s important to understand… Read More
The best health insurance plan for an individual or family is going to depend on the income and needs of that family. With that said, many will find a marketplace plan that qualifies for cost assistance to be the best value for them. Very generally speaking the best health plan when it comes to benefits… Read More
The SHOP credit claimed on 8941 is determined by calendar year and is claimed for each month you provided qualifying coverage to employees.
Why is ObamaCare so polarizing? Perhaps like the blue and black (gold and white) dress, it is simply a matter of context and perspective.
ObamaCare’s Cadillac Tax is a 40% excise tax on high end plans above $10,200 for individuals and $27,500 for family coverage that was set to start in 2018 but was been delayed. This tax is not deductible. The excise tax is one of the main revenue sources for the ACA, helps curb healthcare costs, and… Read More
ObamaCare and Health Insurance for the Self-Employed The Affordable Care Act (ObamaCare) has some important implications for how the self-employed go about obtaining, maintaining, and paying for health coverage. If you’re self-employed, most of the healthcare provisions in the ACA apply to you. Let’s take a look at how you’re affected by ObamaCare, how you can reduce the cost of coverage, and how… Read More