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 —...
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...
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...
by Eriksen Insurance | Mar 5, 2013 | Blue Cross and Blue Shield, Individual Health Insurance
The Aug. 1, 2012, rates for new and renewing SelecTEMP® PPO policies for one-to-six month benefit period options are continued for effective dates Feb 1, 2013, and later. Now, for effective dates Feb. 1, 2013, or later, a new benefit period option of up to 11 months...
by Eriksen Insurance | Mar 5, 2013 | Insurance Reform
By now it is not news that starting 2014 every American is expected to have Health Insurance or pay a penalty, called the individual shared responsibility penalty. Lets go through the What? Who? Where? When? How? And Why? What is the penalty? The penalty...
