tax season

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Health insurance is important for your financial health. It pays for unexpected medical bills and gives you access to other medical resources.  Unfortunately, health insurance is also one of the most expensive commodities out there. In a 2019 Centers for Disease Control and Prevention survey, 14.5% of American adults live uninsured.  […]

Navigating Health Insurance Costs with Budget and Credit

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How will the subsidy expiration in 2023 affect you? During the recent Open Enrollment Period, a record-breaking 14.5 million people signed up for health insurance coverage through federal Marketplace and State-based Marketplaces. ARPA (American Rescue Plan Act) increased Affordable Care Act (ACA) premium subsidies and extended eligibility to all income brackets. Between […]

Subsidy Expiration in 2023

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On December 20th, Congress passed the Tax Cuts and Jobs Act. The bill amends the IRC to reduce tax rates and modify policies, credits, and deductions for individuals and businesses. The bill includes reductions in corporate tax rates and a repeal of the Affordable Care Act (ACA) individual mandate. This is […]

Changes to the Tax Cuts and Jobs Act and How ...

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Pros of a Short Term Medical Plan Price and Enrollment The best part about short term insurance is the price. It is actually affordable; it is probably one fourth of what the premium would be on the Affordable Care Act. The prices are similar to the plans that used to be offered before the Affordable Care Act. Also, […]

The Pros and Cons of Having a Short Term Medical ...

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  Cost Sharing Reductions When it comes to cost sharing reductions, we’re talking about the Affordable Care Act, which is also referred to as the marketplace or Obamacare. Basically, cost-sharing reductions apply to those with a low income (household income). Now that’s subjective, but the government built a chart for that […]

Cost Sharing Reductions: How to Receive Aid for Insurance Costs

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The subject of H.S.A.s has popped up more recently in the news. Specifically, the new administration is talking more about H.S.A.s, which have been around for a long time. There’s nothing new about them. Over a decade ago, they were called M.S.A.s – medical savings accounts. Now, they’re H.S.A.s – health savings […]

Health Savings Accounts and How They Work

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During the Open Enrollment Period (OEP) when you purchased a plan, you should have received an eligibility letter. In order to receive a subsidy, the letter states that you’re required to submit proof of income, residency, or citizenship, or all of the above. So when you purchased the plan -let’s say […]

Don’t Lose Your Subsidy or Coverage in 2017

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