Health insurance may represent a tax risk for consumers

health insurance disclosure tax penalty

Tax risks regarding health insurance begin to attract notice As the Affordable Care Act inches closer to becoming fully enacted, there is no shortage of worry that the federal health care law is generating throughout the country. As insurers warn that health insurance coverage will become more expensive next year and states continue to battle the Affordable Care Act on general principle, the law’s provisions are beginning to show the possibility that they could expose many consumers throughout the country to significant tax risks. Federal law offers subsidies for health…

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New health insurance rule to go into effect in the US

Health Insurance regulation

New rule targeting health insurance being introduced January 1, 2014, is rapidly approaching, and that means that the Affordable Care Act is on the verge of becoming fully enacted. This also means that health insurance companies throughout the U.S. are scrambling to make sure they comply with the federal law. This has proven very difficult, however, due to the fact that the federal government continues to change many of the provisions of the law. The government continues to issue new rules concerning the Affordable Care Act that require health insurance…

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Legislation to give California insurance regulators more power is pulled from the Legislature

For the past several months, California legislators have been toiling over a bill that would give the state’s insurance regulators expansive new powers. The bill would have expanded upon regulator’s authority and enabled them to reject or revive insurance rate proposals from the state’s insurance companies. The bill has generated a fair amount of opposition, especially from insurers who are loathe to see regulators wielding more authority. Now the future of the bill is uncertain, as its author, Assemblyman Mike Feuer of Los Angeles, pulls it from consideration. Feuer’s legislation…

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