Tag: health insurance subsidies

California insurance could drive the economy in the long term

G. Turner
health care reform rebate money

Reports are showing that consumer spending is down, but subsidies could free up more cash. According to some of the latest reports – including those released by the largest retailer in the world, Walmart and the largest online retailer, Amazon – lower and middle income families have been cutting down on their spending, but at the same time, the changes made by the health care reforms could, in theory, help to use California insurance to boost the economy in the state. The reason is that the amount being paid for…

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Health insurance may not be popular among the young and healthy

S.Vagus
Health Insurance industry young millennial

Young people may not be interested in health insurance Health insurance will become mandatory by federal law in the U.S. beginning on January 1, 2014, per the Affordable Care Act. Despite the law’s requirement, however, many young people throughout the country are expected to forgo purchasing health insurance coverage simply because they do not need it. Healthy consumers have little use for health insurance as they consider it to be an unnecessary expense. The problem, however, is that these young people may be losing access to federal subsidies if they…

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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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Health insurance premiums subsidy eligibility verification regulations proposed by HHS

Health Insurance

Under the new rules, the exchange administrators (federal and/or state) must make certain verifications. The Department of Health and Human Services (HHS) has now proposed a rule in which the state or federal administrators of the health insurance exchanges will be required to verify whether or not those who are applying for healthcare coverage tax credits through these marketplaces are enrolled or even eligible to qualify for coverage through a plan that is sponsored by an employer. This would require new measures to be implemented in the exchanges until a…

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California health care reform moves on

Marc
California health care reform

Obama victory adds momentum to California heatlh care reform efforts President Obama has won a second term, and this may be good news for California lawmakers who are eager to institute the next phase of their California health care reform plans. California is one of several states that has been making quick and decisive progress on complying with the Affordable Care Act. The state was the first in the country to pass laws concerning the establishment of its own health insurance exchange, and now lawmakers are looking to take advantage…

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