Starting on January 1st, 2014, all United States citizens are going to be required to have health insurance coverage under the Affordable Care Act. Many people who currently do not have any insurance coverage are up in arms about this new law, because they do not fully understand the changes …
Who Qualifies for a Subsidy or Tax Credit for California Health Insurance?
You may have heard about tax credits and subsidies to help cover the cost of health insurance under the new healthcare mandate, but how do you know if you qualify, and how much does it really reduce the cost of coverage? Although the terms tax break and subsidy are sometimes …
Under the Affordable Care Act Do I Have to Offer Health Insurance Coverage as a Small Business Owner?
With the Affordable Care Act, changes to health insurance coverage and how those programs work go into effect, come January 1st, 2014. As a small business owner, it is worth your time to explore your available options and understand what your rights and responsibilities are under the new laws. For …
More than Half a Million People Enrolled in Covered California
By the end of 2013 more than 500,000 Californians had enrolled in health insurance plans through Covered California™, the state’s health insurance exchange, formed in response to the healthcare mandate of the Affordable Act. Enrollment increased significantly during the first two weeks of January 2014, bringing total enrollment totals to …
What Is the Affordable Care Act “Family Glitch?”
Congress has deemed health insurance affordable under the Affordable Care Act (ACA) if an employee’s contribution toward the cost of coverage doesn’t exceed 9.5% of his or her income. The majority of people who receive coverage through work do not spend more than 9.5% of their income on insurance, with …
How Will the Affordable Care Act Affect Me if I’m Self-Employed?
If you’re one of the many self-employed low- or middle-income earners in this country, you’re likely to have found health insurance prohibitively expensive at some point in the past. You may still be without coverage because it’s simply too costly. Today, the Affordable Care Act (frequently referred to as “Obamacare”) …
Everyone Will Be Able to Afford Insurance under the Affordable Care Act
The Affordable Care Act provides insurance coverage for everyone, regardless of age, pre-existing medical conditions, or if you have been denied coverage in the past. One concern many people have is how much it is going to cost them to have one of the mandatory insurance plans. Under the new …
Some Large Employers Discontinuing Health Insurance for Part-Time Employees
Target is following in the footsteps of several large companies, including Home Depot and Walmart, which have decided to stop offering health insurance for part-time employees in response to the Affordable Care Act (commonly referred to as “Obamacare”). Target announced that it will stop offering health insurance benefits to its …
Affordable Health Insurance Coverage Will Be Available for Everyone
With health care reform changes going into effect on January 1, 2014, it will provide affordable health insurance coverage for everyone. Even if you do not currently have an insurance plan through your employer due to the cost, or because you are unable to afford one on your own, the …
What Are the Penalties If I Don’t Sign Up for Health Insurance in 2014?
As of 2014 most Americans will be required to carry health insurance under the healthcare mandate of the Affordable Care Act (ACA) or pay a penalty, referred to as “the individual shared responsibility payment.” The deadline to enroll in coverage through the health insurance exchange in order to avoid the …