Tag Archives: Health Insurance

Read Our September 2016 Newsletter

Taking Responsibility for Your Retirement Fund Pokémon Go: Advice for Parents Green Tea–More Than Just A Drink? SUMMER SQUASH, ITALIAN STYLE

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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

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ACA’s Individual Mandate Penalty “Sharply Increases” In 2016.

National Journal  (11/6, Subscription Publication) reports that the ACA’s penalty for going without health coverage “sharply increases” in 2016 to “$695 per adult and $347.50 per child, or 2.5 percent of a household’s income—whichever is higher.” Whether it spurs people … Continue reading

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IRS Announces 2016 Contribution Limits for HSAs

The Internal Revenue Service (IRS) has released the allowable contribution limits for health savings accounts (HSAs) for tax year 2016. The announcement also includes the new caps on out-of-pocket costs for high-deductible health plans. Taxpayers must be enrolled in a … Continue reading

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ACA Compliance Deadline, Penalties for Noncompliance, and Transitional Relief for Smaller Employers

The Affordable Care Act is the law of the land – and employers have a lot of work to do to ensure they are in compliance with the employer mandate and other aspects of the sweeping health insurance reform law. … Continue reading

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6 Most Common Mistakes Medicare Beneficiaries Make

It is important to find the right Medicare plan. Since there are hundreds of policies to consider when choosing and a large amount of information to learn with each one, most people just get frustrated and guess when they choose … Continue reading

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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

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When Urgent Care is a Better Option than the Emergency Room

  When it comes to emergency care and emergency rooms in hospitals, what exactly is a true emergency? It is not uncommon to walk into an emergency room and see an overly-concerned parent bringing in a child with a small … Continue reading

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Buy Your Own Health Insurance – Get a Tax Break

  The government wants you to have health insurance. So much so that it will actually penalize you if you go without health insurance – by as much as 2 percent of your household income in 2015, or $325 per … Continue reading

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Insurance Agents vs. Payroll Providers – Who Do You Want to Call When Your Business is On The Line?

For many years, insurance agents and brokers have worked side-by-side with payroll service providers, cooperating and combining their separate skill sets for the benefit of their small business clients. In recent years, as competition tightened across the board, we have … Continue reading

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