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How To Report to the IRS About Health Coverage Under Obamacare

by Eriksen Insurance | Jan 13, 2015 | Health Insurance News, Insurance Reform, Requirements

Small Business Trends reports: “This year as you complete your federal income tax return, you’ll need to provide extra information, due to Obamacare. The Affordable Care Act will require one of three things for the 2014 tax year: If you had health coverage for...

Health Care Penalties In 2015: How To Avoid Obamacare Fee And Report Insurance Status To IRS

by Eriksen Insurance | Jan 13, 2015 | Affordable Care Act, Health Insurance News

International Business Times reports: “Millions of Americans who forwent buying health insurance in 2014 could face penalties in the coming year, the first such fees since open enrollment under the Affordable Care Act, or Obamacare, began in October 2013. The...

Individual mandate raises taxing questions

by Eriksen Insurance | Jan 12, 2015 | Insurance Reform

BenefitsPro reports: “2015 marks the first year that taxpayers will have to prove they have health insurance or, if they don’t, they’ll have to pay a penalty. But how is the proof presented? About half the adult population might not know the answer to this,...

IRS sets max fines for health coverage refusal

by Eriksen Insurance | Aug 6, 2014 | Insurance Reform

Benefits Pro reports: “It’s official: if you make a quarter of a million bucks a year and decide not to pay for health insurance, you’re going to have to fork over $2,448 to the feds. The Internal Revenue Service finally released its maximum fines for...

Most uninsureds don’t plan on getting covered

by Eriksen Insurance | Jan 28, 2014 | Health Laws, Health Reform

Benefits Pro reports: “Less than 40 percent of the uninsured population will get health insurance this year, despite the individual mandate in the Patient Protection and Affordable Care Act that says they have to. That estimate comes from a survey released by...
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