Contents tagged with tax penalty
Posted Sep 18, 2017 by Jenifer Dorsey
If health insurance rates keep going up, when does coverage cease to be affordable? The answer to that question depends on a number of factors and can be fairly subjective. However, we can look at how the Affordable Care Act (ACA) defines affordability for guidance.
Continue reading: What Makes Obamacare Affordable?
Posted Feb 06, 2017 by Jenifer Dorsey
In 2017, the Affordable Care Act’s individual shared responsibility provision entered its fourth year of enforcement. Commonly referred to as the individual mandate, the shared responsibility provision requires that most Americans to do one of the following:
Continue reading: What is the 2017 Obamacare Penalty?
Posted Jan 11, 2017 by Jenifer Dorsey
How affordable is health insurance under the Affordable Care Act? It depends on whom you ask. With monthly premium rates increasing an average of 25 percent nationwide for 2017 and soaring as high as 176 percent in places such as Phoenix, Obamacare keeps getting more expensive while options keep dwindling. And, consumers are getting frustrated.
Continue reading: What Can I Do If Obamacare is Too Expensive?
Posted Dec 19, 2016 by Jenifer Dorsey
Continue reading: How to Avoid the 2017 Obamacare Tax Penalty
Posted Dec 15, 2016 by Jenifer Dorsey
What happens if you don’t buy coverage for 2017?
It's December 15, which is the deadline for enrolling in an Obamacare plan that begins January 1, 2017. Maybe you haven’t enrolled because you aren’t sure which plan to buy or feel like you can’t afford coverage.
Continue reading: Does Obamacare Require You to Buy Insurance, or Are You Exempt?
Posted Oct 27, 2016 by Jenifer Dorsey
Get ready for some extra attention from the Obama administration this open enrollment season.
Continue reading: Uninsured Won’t Fly Under the Radar During 2017 Open Enrollment
Posted Oct 13, 2016 by Jenifer Dorsey
You could wind up repaying your advance premium tax credit and miss out on future subsidies
Affordable Care Act health insurance subsidies help lower premiums and out-of-pocket expenses for many people. The Department of Health and Human Services reported that about 85 percent of the 11.1 million people with active Marketplace coverage (i.e., those who bought health insurance from state-based or federally facilitated exchanges) as of March 31, 2016, were receiving an advance premium tax credit.
Continue reading: Don’t Make These Obamacare Tax Mistakes
Posted Mar 24, 2016 by Jenifer Dorsey
Continue reading: How the Obamacare Tax Penalty Works