obamacare

Will I Still Have to Pay an Obamacare Health Insurance Penalty in 2017 or 2018?

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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 under the House and Senate health care replacement bills. The short answer is NO. In fact both bills repeal the individual mandate outright and make it retroactive […]

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Do Republican Health Care Changes to Repeal Obamacare Impact You?

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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 […]

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2017 and 2018 Healthcare Debate Continues – Coverage, Premiums, Tax Credits and Penalties – Obamacare vs. AHCA (House bill) vs. BCRA (Senate bill)

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Jun 26 –  The Senate has announced their health care plan –  the BETTER CARE RECONCILIATION ACT (BCRA) – which is in line with the house bill described in the previous update, with key changes being made to appease more moderate Republicans. NPR.org has a nice summary comparing Obamacare, AHCA (House bill) and BCRA (Senate bill) as […]

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

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[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 […]

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

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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 […]

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

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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 […]

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

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[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 […]

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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 Obamacare be Delayed?

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[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 […]

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

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[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 […]

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