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How the Obamacare Penalty Will Affect Your 2014 Taxes

by Eriksen Insurance | Jan 12, 2015 | Health Reform, Heath Care Costs

The Motley Fool reports: “Ever since the passage of the Patient Protection and Affordable Care Act, better known as Obamacare, critics have cited the penalties that the law imposes on those who don’t have qualifying healthcare coverage. Yet, with those...

U.S. Cannot Subsidize Health Plans in States With No Marketplace, a Judge Rules

by Eriksen Insurance | Oct 3, 2014 | Health Reform

The New York Times reports: “A federal district judge in Oklahoma dealt a blow to the Affordable Care Act on Tuesday, ruling that the federal government could not subsidize health insurance in three dozen states that refused to establish their own marketplaces....

IRS Issues New Instructions for Obamacare

by Eriksen Insurance | Oct 3, 2014 | Insurance Reform

Health Insurance Exchange reports: “The Internal Revenue Service has issued new draft instructions, notices and a publication to help taxpayers and tax practitioners deal with the Affordable Care Act. The draft instructions were released last week for Form 8962,...

Quinn aide: Court rulings don’t jeopardize federal health-care subsidies

by Eriksen Insurance | Jul 30, 2014 | Illinois Health Insurance

The State Journal-Register reports: “Conflicting federal court rulings Tuesday pose no immediate financial threat for the 168,000 Illinoisans receiving reduced-price health insurance through the federal Affordable Care Act, an aide to Gov. Pat Quinn says. The...

Questions and Answers on the Individual Shared Responsibility Provision

by Eriksen Insurance | Sep 3, 2013 | Insurance Reform

The IRS reports: “Basic Information 1. What is the individual shared responsibility provision? Under the Affordable Care Act, the federal government, state governments, insurers, employers and individuals are given shared responsibility to reform and improve the...
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