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Will Consumers Be Able to Understand Health Exchanges?

by Eriksen Insurance | Apr 10, 2013 | Exchange

Forbes reports: “Now that states have decided what they are going to do about health insurance exchanges—those new shopping carts created by Obamacare to help consumers find health insurance who do not get it through their employers—the really tough part...

Obamacare Credits Could Trigger Surprise Tax Bills

by Eriksen Insurance | Apr 10, 2013 | Requirements

Insurance News Net reports: “Millions of people who accept government subsidies to help buy health insurance next year could get stung by surprise tax bills later on. That’s if they don’t accurately project their income. Starting next year,...

Quick Guide to ACA Affordability, Penalty & Subsidy Calculations

by Eriksen Insurance | Apr 2, 2013 | Uncategorized

Flex reports: The U.S. Department of Health and Human Services (HHS) and the Internal Revenue Service (IRS) have jointly issued rules that define affordable coverage. Employers and employees still have several questions about how this affects penalty calculations and...

Obama To Require Companies To Report All Price Increases

by Eriksen Insurance | Mar 19, 2013 | Insurance Reform, Requirements

Insurance News Net reports: “The Obama administration says health insurance companies will have to report price increases, no matter how small, to the federal government so officials can monitor the impact of the new health care law and insurers’...

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...
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