obamacare

2017 and 2018 TrumpCare – American Health Care Act (ACHA) – Tax Credits and Penalties

1 comment

The house GOP has announced their legislation to repeal and replace ObamaCare. They are calling this bill the American Health Care Act (ACHA). From a bottom line perspective here are some of the key impacts you may see from next year if these provisions (or something like them) are passed. Expanded health savings accounts (HSA) for individuals and families. Health […]

Read the full article →

2017 ObamaCare (ACA) Repeal and Replacement via American Health Care Act (AHCA) by Trump Republicans

9 comments

[Latest Update – March 2017] The house GOP has announced their proposed first phase repeal and replacement of ObamaCare. They are calling this bill the American Health Care Act. It has the following features. Expanded tax credits and health savings accounts (HSA) for individuals. For those under 30, a $2,000 tax credit will be provide, while a person over 60 would be […]

Read the full article →

4 Major Changes to the Affordable Health Care Act (ObamaCare) in 2017 and Beyond

1 comment

With open enrollment for health insurance plans underway there have been a number of conflicting news reports about the status of ObamaCare and potentially dramatic increases in health insurance costs for the coming year. Here we’re going to explore 4 potentially major changes to ObamaCare in 2017 and beyond: There Will Be Fewer Insurance Providers Starting […]

Read the full article →

Obamacare ACA Maximum 2015 Penalty To Top $12,000 For Higher Income Earners

0 comments

For the 2015 tax year, the Obamacare or Affordable Care Act (ACA) shared responsibility is set to double from a maximum $975 per household in 2014 to approximately $12,850 per household. This is based on the percentage of income criteria, versus the flat tax/penalty amount outlined below. To avoid being subject to this penalty individuals […]

Read the full article →

2016 Marketplace Health Insurance Plans & Prices Rising Under Obamacare (Affordable Care Act)

2 comments

[2016 updates] 2016 health insurance premiums under the state and federal health care system (Affordable Care Act) are rising. No doubt about that. The question is by how much. Recent reports and have a broad range (from 6% to 15%) as health insurance companies have started submitting requests to the regulator (insurance commissions) for big price increases in […]

Read the full article →

Obamacare Health Insurance Purchase Requirement Extended?

0 comments

[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, […]

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 →

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 →

2016 vs. 2017 Tax Penalty Amounts and Exemptions For Not Having Health Insurance Under ObamaCare

494 comments

ObamaCare or the Affordable Care Act, is the law of the land now which means that all Americans with an income above a certain threshold have to purchase or have health insurance. The provision referred to as the individual mandate is what legally required most US citizens and legal residents to obtain private, employer sponsored or […]

Read the full article →