File Your Tax Forms Correctly

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Did you file your tax forms correctly this year or were you part of the 1.8 million households that might not receive a tax subsidy for health insurance next year because you didn’t? Each year there are different tax laws and stipulations that make a tax accountants job difficult to say the least. This year tax accountants found themselves faced with having to help millions of Americans submit their forms to verify they had health insurance so they did not incur a penalty. The problem is if the filings were not correct or if their were no filings and the […]

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The ACA is Under a Magnifying Glass

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The Affordable Care Act is being looked at by government officials and agencies this week. When the law was implemented a large amount of tax funds were allocated to different programs. Subsidies were given, co-ops were started, and state based exchanges went into operation. Now the ACAs use of funds is being looked at with a fine tooth comb. The Government Accountability Office (GAO) created fictitious enrollments to see how well the system works in providing subsidies to Americans. The problem was eleven out of twelve of those accounts were approved for subsidies with fake documentation, which means the system failed

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What Does the SCOTUS Healthcare Decision Mean?

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In an article Avik Roy states, “that if the challengers had won, not one word of the law called the “Affordable Care Act” would have been changed.” He said the real change will be if the vote in the upcoming 2016 election puts a republican candidate in office. Then it won’t be SCOTUS calling the shots, but rather elected officials. With the ACA, the law was meant to help those below the poverty line, but it is still unobtainable with the huge premium spikes. The subsidies do help, but the premiums will continue to increase going into 2016. Obamacare is becoming unobtainable for the

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What if Obamacare is Ruled Against?

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With the passing of the A.C.A. healthcare is often a political issue. This is especially true when following the King Vs. Burwell case where Republicans want the law upended and the Democrats would like it to stay as is. Republicans are having to take a second look at their initial push to have Obamacare struck down due to how this could impact their constituents and the upcoming election. If millions of Americans lose coverage this could be a negative in the eyes of voters. The majority of Republicans in office do not want Americans to have a disruption in service and see the need for

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Broker Praises from CO Healthcare Exchange CEO

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How often do we as people say, “If you were in my shoes?” That is exactly where interim CEO of Connect for Health Colorado Kevin Patterson has put himself. Not only did he move into a new roll after previous interim CEO Gary Drews stepped down, but he also put himself in the place of the consumer and signed up for healthcare through the very entity he is CEO of. He saw first hand what the issues consumers have faced and why there have been so many frustrations with enrollment. The ACA mandates that individuals and families have to have health insurance and must either

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Maryland Small Businesses to Face New Regulation

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In Maryland it is not just group health insurance premiums that are rising. A new regulation took effect on June 1st for Maryland small businesses that increase’s their stop-loss on self-funded employer sponsored insurance plans. Small businesses under 50 employees do not have to provide health insurance for their employees, but many still do. A self-funded plan allows a company to offer their employees benefits without having the larger expense of a traditional group insurance plan. Although, the new regulation raises the amount an employer must pay towards an individual’s health claim from $10,000 to $22,500 before the stop-loss insurance kicks in. With this regulation

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