IRS Grants Extension for 6055 and 6056 Reporting

by Eriksen Insurance | Jan 26, 2016 | Individual Health Insurance, Open Enrollment

According to United Healthcare, Broker Connection Special Edition: “On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers, employers and certain other providers of Minimum Essential...

Coming soon to your mailbox: An Obamacare tax form

by Eriksen Insurance | Jan 26, 2016 | Affordable Care Act, Health Insurance News, Heath Care Costs

According to The CT Mirror: “Even if you don’t get your health insurance through Obamacare, you’re likely to get something related to the health law in the mail in the coming weeks: A new tax form. Known as Form 1095, it’s part of the way the federal government...

Humana to Record 2016 Obamacare Shortfall, Membership Drops

by Eriksen Insurance | Jan 26, 2016 | Affordable Care Act, Health Insurance News, Individual Health Insurance

According to Bloomberg Business: “Humana Inc. is the latest insurer to run into trouble in Obamacare’s individual health-insurance markets. The health insurer said that it probably won’t collect enough money to cover costs for some customers who bought...

Should Pregnancy Be A ‘Qualifying Life Event’ For Insurance Coverage?

by Eriksen Insurance | May 4, 2015 | Family Health Insurance, Individual Health Insurance

Yahoo Health reports: “The average cost of maternity care and delivery without complications is $23,000. With complications, that number jumps steeply. Imagine facing that cost if you’re uninsured? For approximately 13 percent of the over 6 million womenwho...

Will Only Suckers Pay The ObamaCare Tax Penalty?

by Eriksen Insurance | Feb 27, 2015 | Insurance Reform

Investor’s Business Daily reports: “This year, as many as 6 million taxpayers will learn that they now owe a “Shared Responsibility Payment” because they didn’t have health insurance last year. The SRP is a clumsy euphemism for the...