HSAs can be used to lower your MAGI and qualify for better cost assistance on the Health Insurance Marketplace, this makes high deductible Silver plans very attractive. We highly recommend using a Health Savings Account (HSA) if your plan has an annual deductible of more than $1,300 for self-only coverage or $2,600 for family coverage. Health Savings…
Every day I hear small business owners, entrepreneurs, and free-lancers ask, “are health insurance premiums tax deductible?” The rules about when health insurance premiums are tax deductible can be confusing. Whether you are an individual, self-employed worker, or small business owner, here is a simple breakdown about when health insurance premiums are tax deductible. As…
By Tom Kisken, Ventura County Star, Calif. Tribune Content Agency Dec. 07–Covered California’s first deadline falls at the stroke of midnight Dec. 15. People who meet the cutoff and enroll in a health insurance plan will have coverage effective New Year’s Day. People who are already insured through Covered California but changing plans should have…
Social Security recipients will receive 1.7 percent bigger checks in 2015, the Social Security Administration announced last week. And some groups of workers will begin receiving benefit statements in the mail with a list of taxes paid and an estimate of their future retirement benefit. Here’s a look at the new Social Security benefits, taxes…
This Saturday is the start of open enrollment for Covered California Healthcare Coverage. If you need health insurance and/or have any questions please feel to call me at 909-570-1103. Don’t get penalized, it is a lot more than you think, see image below: via:NerdWallet Health The cost of the Obamacare penalty in 2014 If you…
Will government regulation improve or hinder how the state implements the Affordable Care Act? October 28, 2014 Jesy Odio Politics What it’s all about: The Affordable Care Act instituted Covered California as the state’s individual health insurance exchange but failed to legislate how health insurance costs should be regulated. If approved, Prop 45 would give…
It’s time to renew your health coverage. Give us call today if you need assistance with renewal or like to make a change. Carlos SACRAMENTO, California — The state’s health insurance exchange, Covered California, has begun the renewal process for 1.12 million individuals who enrolled in plans in the exchange last year. It also…
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…