Obamacare

The Penalty for Not Having Health Insurance Ends October 2 (Not for Everyone – Just Most People)

Officially, the Obama-era penalty for not having health insurance ends on December 31, 2018. The penalty is 2.5% of your household taxable income. For someone with $100,000 of taxable income, that would equal $2,500. But under the Affordable Care Act, an individual can go three months without having coverage and not pay the penalty. That […] Read more

Health Care Coverage Advantages: Obamacare vs Non-Obamacare Plans

More than one million Americans have already dropped the Obamacare plan that they purchased in 2018, according to a new study by the Centers for Medicare and Medicaid (CMS). Although nearly 12 million people signed up for a plan on the marketplace exchange, only 10.6 million actually paid their first premium payment and had an […] Read more

Q&A About Short Term Medical Insurance Plans

In late 2018 Trump administration announced it had rolled-back an Obamacare-era rule that limited short term health insurance plans. In the coming months, short term medical (STM) plan coverage can be extended to 364 days and depending on individual state rules and the insurance company, extended up to 36 months in total. We spent time with […] Read more

Lost Your Obamacare Subsidy? Consider Affordable Alternative Insurance Options

The U.S. economy posted a 3% growth rate for the third quarter of 2017, marking the first time in three years that the economy grew 3% or more in back-to-back quarters, according to the Commerce Department. Economists had expected an economic slowdown, accounting for significant property damage and job losses resulting from Hurricanes Harvey, Irma […] Read more

What You Need to Know About This Year’s Health Insurance Open Enrollment Period

Compared to last year, the health insurance open enrollment period this year is: Shorter Has fewer plans available, in most areas Will be more expensive-much more expensive for many areas With health care expenses rising, health insurance is more important than ever. But many factors make insurance premiums costlier, with consumers paying greater out-of-pocket expenses. […] Read more

Affordable Health Insurance Options for Early Retirees

A recent study indicates that more than half of all Americans retire before age 65. If you’re deciding whether to retire early, a key financial consideration is how to maintain adequate health care coverage until your Medicare benefits begin. Since the passage of Obamacare, many early retirees have met their health insurance needs by enrolling […] Read more

Losing Medicaid Benefits? Short Term Medical Is an Affordable Coverage Alternative

Republicans in the Senate recently unveiled their health care legislation to replace Obamacare. Dubbed the Better Care Reconciliation Act (BCRA), the Senate bill changes or eliminates many Obamacare provisions. The bill’s provisions for phasing out federal funding for Obamacare’s Medicaid expansion, and changing the federal government’s funding structure for Medicaid, have many Medicaid recipients concerned. […] Read more

Unpaid Premiums on Your Obamacare Coverage? Maybe It’s Time to Consider Short Term Medical

Despite all the hype coming out of Washington about repealing and replacing Obamacare with the new Trumpcare plan, the federal government continues to operate as if the Affordable Care Act (ACA) will remain the law of the land in 2018. Case in point: the Centers for Medicare and Medicaid Services (CMS) recently updated rules for […] Read more

On the Horizon in 2018: Higher Premiums, Narrower Provider Networks and Limited Plan Choices?

These days, it seems that all the news outlets are speculating about what will happen to the Affordable Care Act (ACA). Failed efforts in Washington to immediately repeal and replace the ACA, as promised by President Trump, continue to fuel uncertainty in the major medical health insurance market. However, even with the legislative unknowns, insurance […] Read more

Obamacare’s Rules Are About to Change…Are You Prepared?

The Trump administration recently released a new ruling outlining changes to the Affordable Care Act (ACA) provisions, in hopes that the new regulations will help stabilize the marketplace by keeping insurers in the exchange. The changes are already coming under fire from consumer activists, however. Critics are concerned that the changes, set to take effect […] Read more

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