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Category Archives: Insurance
Important ACA Reporting Requirements for Self-Insured Plan Sponsors
If you are a self-insured employer or other organization that provides minimum essential coverage (as defined in Internal Revenue Code Section 5000A(f) to any individual during the calendar year, you have some reporting responsibilities to the Internal Revenue Service. Furthermore, … Continue reading
Posted in Healthcare
Tagged 18901, ACA, Bucks County, Doylestown, employee benefits, Form 1095 B, Health Insurance, Montgomery County, Philad, Reporting
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What Taxpayers Need to Know about Reporting Health Coverage on Tax Forms
What Taxpayers Need to Know about Reporting Health Coverage on Tax Forms While many people know there is a fee incurred by people who do not have health insurance, they do not understand how the Internal Revenue Service knows if … Continue reading
Posted in Insurance
Tagged Compliance, Form 1095 B, Health Insurance, IRS, OBAMACARE, Penalty, PPACA, taxes
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Update on Grandfathered Plans
HCR Regulations on Grandfathered plansHere is a legislative Brief on updated information on Grandfathered plans. Please read over. There will be more changes as a result of the polictical landscape changing and the uninteded consequences of the Health care Reform … Continue reading
Posted in Insurance
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How to read your medical bill
Medical bills are becoming increasingly complex and difficult to read. And charges from clinics and hospitals tend to be lumped together instead of itemized – making it very difficult to see exactly what you are paying for. With many medical … Continue reading
Administration Unveils New Rules For Employer-Sponsored Plans
The Los Angeles Times (6/15) reports, “The Obama administration Monday announced new regulations to discourage companies from scaling back their health benefits, a goal Democrats described as a top priority of the new healthcare law. These rules may have a … Continue reading
‘Small Business Tax Credits for Healthcare’
‘Small Business Tax Credits for Healthcare’.
Posted in Health Savings Accounts, Insurance
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Congressional Democrats agree on $3.5 trillion budget plan; includes reconciliation
In a late-breaking story, the AP (4/28) reports, “Congressional Democrats sealed an agreement Monday night on a budget plan that would help President Obama overhaul the healthcare system but allow his tax cut for most workers to expire after next … Continue reading
Baby Boomers face their Medical Future
According to a Commonwealth Fund study, 66% of baby boomers ages 50 to 65 are concerned about being able to afford medical care in the future. But the problem isn’t only in the future. It turns out this group has … Continue reading
Fidelity: Retired Couples Need $240,000 for Medical Expenses
Baby boomers who have lost their health insurance coverage often speak of trying to find a way to make it to Medicare. But even after you reach age 65 and finally qualify for the government health insurance program, you’re still … Continue reading
Analysis finds insured pay higher premiums to cover costs of treating uninsured patients.
Time (3/26, Kingsbury) reports, “American families are already picking up the tab for universal health coverage,” according to a new report by the Center for American Progress (CAP). The analysis found that “families pay, on average, as much as $1,100 … Continue reading