This Aug. 21, 2014, photo shows health care tax forms 8962 and1095-A, in Washington. Who thinks about taxes around Labor Day? If you value your tax refund and you’re one of millions getting a health insurance tax credit under President Barack Obama’s health care law, it’s not too early. If you worked a lot of overtime, or maybe your spouse got a higher-paying job, arcane connections between the health law and taxes can reduce or even eliminate your refund. (Photo: Carolyn Kaster, AP)
The Affordable Care Act—also known as Obamacare—is "not an affordable product" for many people and it does not fix the underlying problems causing high health-care costs, Aetna Chairman and CEO Mark Bertolini told CNBC on Wednesday.
"If we're going to fix health care, we've got to get at the delivery of care and the cost of care," Bertolini said in a "Squawk Box" interview. "The ACA does none of that. The only person who's really going to drive that is the consumer and the decisions they make."
There are new and very broadly defined exemptions from the penalty for not having health insurance. While it still makes sense to have health insurance for the obvious financial protection, its seems as though very few people will get a penalty for not buying health insurance. For more information about health insurance, please contact John Caris at 707-935-6294 x103.
The following document shows the "hardship exemption" categories that people can use to avoid an Affordable Care Act penalty for not buying insurance.
Yet another survey is out underscoring the ongoing confusion many are experiencing over the Patient Protection and Affordable Care Act while stressing the challenges the administration has in getting Americans signed up for coverage under the law.
More than half of Americans (55 percent) still don’t know that the deadline to sign up for health insurance under PPACA is March 31, according to a Bankrate.com report released Monday. Confusion over the deadline was highest among the 18-to-29 age group, those who make less than
$30,000 annually, and those without college degrees.
About one in four Americans (24 percent) incorrectly think the deadline already passed on Jan. 1. And 11 percent think they have until Dec. 31 to sign up, a full nine months after the deadline.
People with serious pre-existing diseases, precisely those the president aimed to help with ObamaCare, could find themselves paying for expensive drug treatments with no help from the health care exchanges.
Those with expensive diseases such as lupus or multiple sclerosis face something called a "closed drug formulary."
NEW YORK (MainStreet) — More than half of Americans (55%) still do not know the deadline to sign up for health insurance under the Affordable Care Act is March 31, according to a new Bankrate.com report.
The survey found that 24% incorrectly think the deadline already passed on Jan. 1 while 11% wrongly think they have until December 31, 2014 to sign up, a full nine months after the March 31, 2014 deadline.
Many Americans are not taking the deadline to sign up for Obamacare seriously. More than three in five (62%) of Americans think the government will push the deadline back to a later date.
By: EDWARD MORRISSEY
The Fiscal Times
December 19, 2013
The problem with solutions is that few of them tend to be perfect, even if they act in a mostly benign manner. Actions produce reactions, a principle as true in politics as it is in physics, and those tend to multiply when solutions increase in complexity.
Q: If my family of six qualifies for Medi-Cal under the Affordable Care Act, do we have to sign up for that? Or can we still buy subsidized health care plans through Covered California? … I have real concerns about the quality of care we would get on Medi-Cal. I’m hoping for a positive answer!
A: Sadly, I’m about to disappoint Beth from Modesto and others in her situation.
Medi-Cal is the state’s publicly funded health program for low-income and disabled residents, and currently provides care to more than 8 million Californians. (It is the state’s version of the federal Medicaid program.)
Starting in January, Medi-Cal will broaden its eligibility requirements as a result of Obamacare, allowing applicants with higher incomes and those who were previously ineligible, such as childless adults, to get coverage.
But whether you’re eligible for Medi-Cal now or become eligible then, that fact alone disqualifies you from tax subsidies on the health insurance marketplace, which is called Covered California.
Practices say cutting out insurers cuts 40% of their overhead
When Samir Qamar practiced concierge medicine at Pebble Beach Resorts in Monterey, Calif., the hotel’s “A-list clientele” paid $550 to see him and as much as $30,000 a month to keep him on retainer.
Given the processing problems with some online health care systems, it may make sense to have a paper copy of your application from your agent.
It's a batting average that won't land the federal marketplace for Obamacare into the Healthcare Hall of Fame.
As few as 1 in 100 applications on the federal exchange contains enough information to enroll the applicant in a plan, several insurance industry sources told CNBC on Friday. Some of the problems involve how the exchange's software collects and verifies an applicant's data.
"It is extraordinary that these systems weren't ready," said Sumit Nijhawan, CEO of Infogix, which handles data integrity issues for major insurers including WellPoint and Cigna, as well as multiple Blue Cross Blue Shield affiliates.
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