health insurance

Obamacare Health Insurance Purchase Requirement Extended?

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[Update March 31st 2013] Extension to purchase health coverage may now be in the works. The original deadline to purchase coverage, before incurring penalties was March 31st, 2014. But a number of state exchanges, like Covered California said that, “Individuals who start an online application by 11:59 p.m. on March 31, 2014, will have until 11:59 p.m. on April 15, […]

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Will I Have To Pay a Tax Penalty Under Obamacare For Not Having Health Insurance Coverage

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The answer to whether you will have to pay tax penalties under Obamacare (formally known as the Affordable Care Act) depends on your employment and whether or not your income is high enough under the mandated rules that require you to purchase health care coverage. This article covers the details but in a nut shell any of […]

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2014 Subsidies and Tax Credits Under Obamacare Health Insurance

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With the roll-out of Health Insurance Marketplaces/Exchanges later this year (for plans effective in 2014) there is considerable uncertainty around the various tax credits and subsidies on premiums, deductibles, co-payments, and coinsurance. The value of these credits and subsidies are dependent on your income and family size and can significantly impact and alleviate your insurance […]

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2014 Obama Health Care Reform Changes – Mandatory Coverage Penalties, Health Care Exchanges, Tax Credits and Subsidies

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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 […]

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My Employer Once Again Hikes Health Insurance Premiums During Open Enrollment

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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 […]

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Snapshot – American’s Who Don’t Have Health Insurance

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Here is my picture of the week from the Economist that shows the state-by-state heat map of American’s who don’t have health insurance. Much more than I thought. I found this graphic when I was recently browsing for private health insurance quotes to see if I could save money relative to what I pay through my standard company plan.  […]

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2012 Medicare Part B Monthly Premiums By Income Levels And Tax Filing Status

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2012 Medicare Part B monthly premium rates that cover hospitals plus physician and outpatient expenses, are shown in the following table (by individual and joint filers) and reflect the 2012 COLA increase. The standard Medicare Part B monthly premium ($99.90) for existing beneficiaries reflects a $3.50 increase over the 2011 “harmless” premium of $96.40. New […]

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Best Open Enrollment Choices as Health Care Insurance Continues to Rise

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According to preliminary results from their annual survey of 1,600 employers, Mercer expects employee health care benefit costs to increase by 5.4% next year. You will likely see these costs via higher monthly premiums during your organization’s open enrollment period. Fortunately, there are some things you can do to to mitigate the impact of rising […]

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Comparing and Signing Up For the Most Cost Effective Private Health Insurance Plan

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The rising cost of health care coupled with many employers cutting back on benefits has led to a large number of people having to go out into the market place and find their own private health insurance plans to meet their coverage needs. In addition to being more costly than standard employer sponsored plans, the […]

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Being Laid Off? Negotiate That Severance Package

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Just about anything involving money is a source for negotiation, but many people don’t think about the fact that their severance package is as well. Although we don’t want to think about that day when we may be laid off, it’s important to be prepared to negotiate our compensation package. Especially if you’re in a […]

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