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IRS may never recoup $350 million in Obamacare tax credit overpayments

by Eriksen Insurance | Sep 16, 2015 | Affordable Care Act, Subsidy

The Washington Times reports: “A quirk in the law means the IRS will never be able to recoup nearly $350 million in overpayments on Obamacare tax credits last year, and one top senator says he is worried that fraudsters will exploit the loophole to wring more...

Ready for a 255% premium hike?

by Eriksen Insurance | Mar 2, 2015 | Affordable Care Act, Subsidy

Benefits Pro reports: “Supreme Court ruling killing PPACA subsidies may cause premiums to skyrocket. If the U.S. Supreme Court rules that federal subsidies under the Patient Protection and Affordable Care Act are invalid, 7.5 million Americans could face an...

Getting Affordable Care Act subsidies

by Eriksen Insurance | Jul 17, 2014 | Insurance Reform, Subsidy

USA Today reports: “The Affordable Care Act (ACA), aka Obamacare, provides subsidies to Americans making up to 400% of the poverty level, about $94,200 for a family of four. Can you juggle finances to best cash in on subsidies? Rather than limiting subsidies to...

Beware pitfalls of health care subsidy: Spike in income could spell big tax bill

by Eriksen Insurance | Jun 26, 2014 | Health Insurance Cost, Subsidy

The Chicago Tribune reports: “Individuals receiving monthly premium subsidies to pay for health coverage purchased on the new exchanges should keep their eye out for Uncle Sam. You could owe a big tax bill on your 2014 return next spring if your income rises...

How to quality for a government health insurance subsidy

by Eriksen Insurance | Jul 19, 2013 | Insurance Reform, Subsidy

Chicago Tribune reports: “As health care reform kicks into high gear, many Americans are asking: Will I qualify for a government subsidy to buy health insurance under the new health care law, and when do the changes kick in? Eligibility depends on your income,...

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