The IRS just released a new publication designed to simplify the information about the Affordable Health Care Act (ACA). Pub 5172 is one page long. Take a look at it. I am pretty impressed. It is listed all on 1 page. If you need assistance with your exemption form. Give us a call today at…
The penalty for not having insurance will, at minimum, double. Lastly, if you choose not to purchase health insurance in 2015 be prepared to open up your wallet significantly wider than you did in the previous year. Source: StockMonkeys.com via Flickr. If you recall, penalties for violating the individual mandate – the actionable component of…
Warning: This is an urgent message about two major scam alerts that is coming from the IRS. They scams are coming via email and telephone. Today I want to talk with you about the email scam alert. The IRS is aware of these emails going out and have put out this official notice! New Email…
Did you know that you’ll automatically enroll in the same plan unless you do something about it. Here’s something I’d venture a guess you probably didn’t know: If you don’t opt out of your existing health plan or choose a different plan, you will be automatically enrolled in your existing insurance plan for another year.…
The first big change that you may or may not be aware of is that the open enrollment date is much later this year than it was last year. If you recall, Oct. 1 was the first day you could enroll for 2014. This year Nov. 15 will be the official kickoff for 2015 enrollment. …
If you have health insurance, you don’t have to worry about paying a penalty. If you don’t have coverage for 3 or more months in 2014, you may be subject to paying a tax on your 2014 federal income tax return due April 2015. The Tax Code, Translated Into Plain EnglishYour penalty amount is determined…
At renewal time this year, many small businesses will face sticker shock at the new rate hikes for group health insurance in 2015. Many small businesses are seeking cost-mitigation strategies to deal with the premium increases this year. A popular solution among small and medium-sized businesses is switching employees to individual health insurance and reimbursing…
Getty Images Up to 115,000 people stand to lose Obamacare health insurance coverage by Sept. 30, and another 336,000 people are at risk of losing federal subsidies to pay for that coverage, officials revealed Monday. The 115,000 people failed to show valid proof of citizenship or legal residency for the insurance plans they bought through…
The Affordable Care Act establishes state marketplaces, where individuals and small businesses can shop for health insurance on the Internet, in person or by phone. These marketplaces will help make health insurance much more reasonably priced and easier to get. California’s marketplace, named Covered California™, will offer millions of Californians a variety of health insurance…
As an entrepreneur and small business owner for most of my life. I understand the challenges involved with being self-employed. The new ACA (Obamacare) has called a whole new challenge for small business owners. That challenge is is called “out-of-pocket expenses” this is great story by Amanda Glassman. Give us call if you like to…