Preparing your estate plan in your lifetime should be a priority. Although it’s not something many people want to think about, it is an essential task to complete before you die. Preparing an estate plan means you are able to choose who inherits your assets and all the things that you’ve worked your whole life for. Protect your loved ones by making a detailed plan with all the information they will need, and keep family drama at bay by making it clear which person will get what. Keep loved ones…
Read MoreTag: internal revenue service
Data shows 87,000 people enroll for health insurance coverage in Virginia
Consumers in Virginia are finding coverage through the state’s insurance exchange Information from the federal government shows that approximately 87,000 consumers living in Virginia have found health insurance coverage through the state’s exchange marketplace. The open enrollment period for the exchange began on November 1 of this year and will run through January 31, 2016. Once the enrollment period began, many consumers flocked to the exchange either to find new policies or acquire coverage for the first time. Many more were automatically enrolled in the exchange for having purchased coverage…
Read MoreHealth insurance enrollment center opens in New Jersey
Enrollment center will provide aid to those looking for health insurance coverage A new health insurance enrollment center has opened in New Jersey. The center will be operating six days a week and will provide consumers with assistance in enrolling in the state’s health insurance exchange. Open enrollment for the exchange, as well as those located throughout the country, began at the beginning of November. Consumers looking for coverage will now be able to find the policies that they need through these exchanges, with many expected to qualify for subsidies…
Read MoreMore grad students could lose their health insurance coverage
Grad students from University of Georgia may lose insurance subsidies Grad students at the University of Georgia are expressing concern that they may be losing their access to health insurance subsidies provided by the federal government. Per federal law, all U.S. citizens, including grad students, must have health insurance coverage. For many students, however, the only way to afford coverage is to take advantage of subsidies created through the Affordable Care Act. Grad students from other universities have already lost their subsidies, which has put others on edge when it…
Read MoreGrad students in Missouri are losing their health insurance subsidies
Grad students are suffering under some provisions of the Affordable Care Act Grad students from the University of Missouri have lost the health insurance subsidies that they received through the Affordable Care Act. According to the university, grad students are considered by the Internal Revenue Service, which manages federal subsidies for insurance coverage, to be “employees.” As such, many of them are not eligible to receive subsidies from the government. Grad students that have lost access to subsidies may not be able to afford the insurance coverage that they currently…
Read MorePenalties are coming for those without health insurance
Lack of insurance coverage is becoming an expensive problem Those that do not have health insurance may be surprised to find themselves with fines levied against them by the federal government after they file taxes. This year, those filing taxes must inform the Internal Revenue Service of their insurance status. Those without coverage will face a fine, while those with coverage will not. The average fine for those that have not had coverage over the past year will be $95, or 1% of a household income, whichever is greater. The…
Read More2015 brings more changes to health insurance in the US
A new year means that new provisions of the Affordable Care Act will be enacted The new year has arrived and that means that there will be more changes to the United State’s health care system. The new year means that more provisions of the Affordable Care Act will become active, which could be beneficial for some consumers, but somewhat difficult for businesses to cope with. This year, employers will have to adhere to new health insurance regulations. Consumers will also face some tax changes, as they will now be…
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