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New Healthcare laws and 2014 tax laws

The healthcare overhaul, which establishes a new federal income-tax penalties for those who fail to obtain what it deems minimum essential healthcare coverage. In 2014, it was the introductory year for the penalties, which can be owed for the months when qualifying health coverage was not in force.  In IRS talk, the penalties are known as “shared responsibility payments.” You do not have worry about penalties if you and members of your family, (if applicable) had qualifying coverage for all of 201. In this case, you would check the box one line 61 of Form...

Healthcare enrollment still needs work

Sylvia M. Burnwell, Secretary for the Department of Health and Human Services announces that  health care enrollments are off to encouraging starts, but a lot of work is still needed in order for 2014 open enrollment season an successful one. Ms. Burnwell announces 1.9 million new consumers have selected polices through the healthcare.gov website as of December 19. The website serves 37 states. Another 4.5 million Americans have renewed their current plans, with the majority automatically re-enrolled. These numbers however; do not include the states who are running their...

Healthcare.gov competes with Private sit...

The Healthcare.gov website is where consumers can shop and compare health insurance polices under the ACA and is performing better this time around and more and more consumers are enrolling for plans through their own website. The process of direct sign-ups, with the rules being finalized by CMS in 2013, which allows enrollments for subsidy-enrollment eligible Americans through their own site, instead of consumers logging onto the healthcare website and accessing financial subsides these way. When you log onto the website, it will access your record if you have previously...

An Healthcare.gov Christmas gift

The Centers for Medicaid and Medicare are proposing new rules, which will give the agency power over new consumers who use the Healthcare.gov website to obtain health insurance. The new proposed rules would allow CMS to automatically renew customers’  policies ever year if he or she does not visit the site and renew it themselves. Without any prior knowledge of the customer’s current financials, health care situations, or anything else that could affect the type of policy he or she may need. The U.S. Government choose and force consumers to pay for policies...
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