A significant benefit of the Affordable Care Act is the opportunity to receive money-saving tax credits up front to cut the overall cost of health insurance, but now hundreds of thousands of consumers could owe back some of that money next April.
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)
Telemedicine could potentially deliver more than $6 billion a year in health care savings to U.S. companies, but only if the technology is widely-adopted.
According to analysis by global professional services company Towers Watson, achieving this level of savings would require all employees and their dependents to use the technology-enabled interactions available today in place of face-to-face visits to the doctor, urgent care center or emergency room for appropriate medical problems.
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.
I'm happy to report that I've received a Certificate of Completion for the Certified Insurance Agent Training Requirements for Covered California.
This means that I will be able to assist my clients with their questions regarding the government run health insurance marketplace exchange.
As these next few weeks roll along, increased functionality will be available for both consumers and agents. Meanwhile, I will be able to advise on pricing and plans both on and off the government exchange.
"For information about how Health care Reform affects you or your small business, call John Caris at 707-935-6294 x103 or Contact him."
Barack Obama wanted to change American health care as we know it. And he is, in ways that go far beyond the goals of the Affordable Care Act.
For weeks, headlines have cataloged the upheaval at private employers: UPS dropping coverage for employed spouses, IBM reworking retiree benefits. Yesterday came the biggest change: Walgreen Co. (WAG), the largest U.S. drugstore chain, told 160,000 workers they must buy insurance through a private exchange rather than having the company arrange their coverage.
By ANNA WILDE MATHEWS AND CHRISTOPHER WEAVER
Small businesses seeking to ward off key health-law provisions—at least for a while—are weighing offers by some large insurers to hit the reset button on their yearlong health plan contracts in December.
Many contracts normally restart at the beginning of January. But, pushing the date to December could allow small firms to delay the impact of key health-law provisions that broadly kick in once plans renew after Jan. 1.
Insurers including Aetna Inc., UnitedHealth Group Inc., and Humana Inc. are all offering companies the chance to do so. Under the law, small businesses' health plans would have to cover a range of required benefits and face pricing rules that spread the risk of costly medical bills. That can particularly raise prices for companies with younger, healthier workers but may lead to small increases, or even reductions, for businesses with less-healthy workers.
Covered California, the government sponsored health insurance website, has a booklet that generally describes how the plans will work and what kind of subsidies applicants can receive.
Go to http://www.healthsonoma.com/coveredca.html for more information about the Covered California insurance exchange marketplace.
This year will be a time of decision for many people as the think about how they will get health insurance.
Call John Caris at 707-935-6294 x103 or Contact him by email.
BY EMILY CHARRIER-BOTTS INDEX-TRIBUNE ENTERTAINMENT EDITOR
Jun 6, 2013 - 07:21 PM
A year ago, Sonoma Valley Hospital partnered with Western Heath Advantage on an insurance product that would rival Kaiser Permanente but keep patients in the Valley for health care. Last week, the state’s health exchange – Covered California – officially accepted that product, which will be offered to thousands of residents once open enrollment begins in October.
“It’s like the ‘Good Housekeeping’ seal of approval,” said Garry Maisel, president of Western Health Advantage, “We were thrilled.”
Sonoma Valley Insurance