As always, I think it is important to first recognize that “Obamacare” is simply the colloquial term used to reference many different aspects of the Affordable Care Act (ACA), and healthcare reform in general. The actual health insurance policies are still provided through private insurance companies – United HealthCare, Humana, Blue Cross Blue Shield etc. […]
Archives for August 2014
What is the Subsidy Scale?
The subsidy scale is the term I use to reference the amount of money the government is going to give you as a tax credit to bring down the price of your health insurance. If you fall below or above the scale then you will not receive any tax credit. If you do fall within […]
How Do I Qualify for the Special Enrollment Period?
Open enrollment for major medical health insurance is restricted to only a few months per year, usually November through January. To get enrolled outside of open enrollment you will need to qualify for a Special Enrollment Period, or SEP. If you qualify, in most cases you have 60 days to enroll from the date of […]
What is Guaranteed Issue Health Insurance?
Healthcare reform has made many changes to this country’s health insurance but one of the most significant changes requires the plans to be guaranteed issue. This means that the health insurance carriers cannot deny you coverage, or even charge you a higher premium, because of your health – past, present or future. The only aspects […]
What Are The Exemptions for Obamacare?
The tax penalty for not having health insurance in 2016 can be no more than 2.5% of your annual income. This amount will be deducted from your income tax return when you file taxes and therefore could significantly lower your tax return or even cause you to owe money. If you have gone without health […]
What is the Penalty for not Getting Obamacare?
Calculate the Cost of not Getting Obamacare Your Gross Income: Result: Calulate Penalty Explanation Health care reform, which is commonly referred to as Obamacare, has caused a lot of worry among both those who have health insurance and those who do not. One of the major concerns of health care reform is that every single […]
What Does Obamacare Do?
The term ‘Obamacare’ has become a popular reference to several aspects of the Obama administration’s health care reform. It is most accurately used when referencing the actual laws and new stipulations that the Affordable Care Act (PPACA) places on health insurance plans. However, I feel it is more commonly used to reference any kind of […]
