Questions and Answers on Employer Shared Responsibility Provisions Under the Affordable Care Act

by Eriksen Insurance | Mar 7, 2013 | Requirements

The IRS has a great page full of questions and answers for the ACA. Follow the link below to their page that is constantly updated. Click here

Health insurance reform closer to reality in Illinois

by Eriksen Insurance | Mar 7, 2013 | Exchange

Illinois Times reports: “The Illinois Senate could vote next week on implementing a crucial piece of the federal health insurance reforms passed in 2010, but two competing bills could lead the state in opposite directions. The federal Patient Protection and...

Health Benefit Costs Listed On Tax Forms

by Eriksen Insurance | Mar 5, 2013 | Health Insurance Cost

Insurance News Net reports: “Few people know the total cost of their health benefits or realize that family coverage can account for a fourth or more of their total compensation. For the first time, that cost is listed on their W-2 tax forms this year —...

Calculation of modified adjusted gross income (MAGI)

by Eriksen Insurance | Mar 5, 2013 | Insurance Reform

How is modified adjusted gross income (MAGI) calculated? Generally, your modified adjusted gross income (MAGI) is the total of your adjusted gross income and tax-exempt interest income you may have. These are the amounts on lines 37 and 8b of IRS from 1040. Some...

Humana CEO: Health care reform will push cost of insurance up next year

by Eriksen Insurance | Mar 5, 2013 | Insurance Reform, Requirements

Courier-Journal reports: “If you are young and healthy, get ready to pay more for health insurance when the Affordable Care Act goes into effect next year, Humana CEO Bruce Broussard said Thursday. In a speech before the Rotary Club of Louisville, Broussard...