Insurance

Do Republican Health Care Changes to Repeal Obamacare Impact You?

9 comments

The Senate has announced their health care plan –  the BETTER CARE RECONCILIATION ACT (BCRA) – which is in line with the house bill, with key changes being made to appease more moderate Republicans. NPR had a nice summary comparing Obamacare, AHCA (House bill) and BCRA (Senate bill) shown in the graphic below. In general the bill does […]

Read the full article →

ObamaCare (ACA) Repeal and Replacement via American Health Care Act (AHCA) ON HOLD for 2017 and 2018

9 comments

[Latest Update] The repeal and replacement of Obamacare via the American Health Care Act, the Ryan-Trump administration proposal, is officially on hold following a lack on unity across the Republican party to get the AHCA bill approved in the House. With no Democrat member support, it had to be passed by all the factions of the Republican […]

Read the full article →

Are You Missing Out on Cheaper Auto Insurance? Implement the Switch to Save Strategy

0 comments

Tis’ the holiday season and that means sales everywhere you look. This includes sales and discounts in the ultra-competitive auto insurance industry, where with only a few minutes of online clicking and typing you could literally save hundreds on your next auto insurance policy. During the holiday season auto insurance companies really ramp up their advertising and […]

Read the full article →

Unbundling Auto And Home Insurance Policies Even When Losing The Multi-Policy Discount

1 comment

Around this time of year many people get renewal notices for their auto insurance. More often than not they will briefly scan the notice and if the premium hasn’t increased substantially from the prior period they’ll just file away the renewal paperwork and let the auto-payment on file continue to be processed. But when I […]

Read the full article →

Will Obamacare be Delayed?

1 comment

[Update] – The Obama administration announced that it will give Americans who buy health insurance through the new online marketplaces an extra six weeks (until March 31st, the end of open enrollment) to obtain coverage before they incur a penalty. With all the news around the glitches plaguing the Obamacare website – healthcare.gov – and its […]

Read the full article →

2017 ObamaCare Premium Tax Credit (PTC) to Offset Impact of Health Insurance Premiums

0 comments

[Updated for 2016 and 2017 qualifying income ranges] Under new health care laws (a.k.a ObamaCare or the Affordable Health Care Act) a new tax credit has been made available to millions of Americans who purchase insurance via  health insurance exchanges or marketplaces. You have to purchase the insurance via these official exchanges or marketplaces to get the […]

Read the full article →

2016 vs. 2017 Obamacare Health Insurance Subsidies and Tax Credits

5 comments

Despite ObamaCare, formally known as the Affordable Care Act, having been around for several years now there is still considerable uncertainty around the various tax credits and subsidies on premiums, deductibles, co-payments, and coinsurance. The value of these credits and subsidies are generally dependent on your modified adjusted gross income (MAGI) and family size and can significantly impact […]

Read the full article →

Obama Health Care Reform Changes – Mandatory Coverage Penalties, Health Care Exchanges, Tax Credits and Subsidies

6 comments

President Obama’s signature health care legislation, the Affordable Care Act, is very much in place now and in the next few months a number of Americans are going to see a lot more of the regulations and laws come into place. This includes: Penalties for No Health Insurance. Beginning in 2014, uninsured individuals must buy […]

Read the full article →

My Employer Once Again Hikes Health Insurance Premiums During Open Enrollment

5 comments

It’s that time of the year again. Open enrollment. It’s also fall, but as this is a personal finance blog, weather is not the focus. My current employer, a Fortune 500 firm, recently released their 2013 contribution rates (i.e health insurance premium) for it’s employees and once again rates are rising. Their justification is that […]

Read the full article →

2017 vs. 2018 Tax Penalty Amounts and Exemptions For Not Having Health Insurance Under ObamaCare

546 comments

[Updated] Will i still have to pay health insurance penalties (under the Obamacare individual mandate) in 2017 or 2018? This is the question a lot of Americans are asking. The short answer is YES for 2017, but MAYBE NO for 2018. With Congressional Republicans unable to muster the required majorities to pass several versions of […]

Read the full article →