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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...

Health Care Reform Will Be A “Mess,” Experts Predict

by Eriksen Insurance | Apr 2, 2013 | Insurance Reform

Insurance News Net reports: “When health care reforms begin this year and new insurance starts next year, it will not be pretty, health experts said. “This is going to be a mess,” said Jonathan Gruber, a health economist at theMassachusetts Institute...

Why Premiums Will Change for People Who Now Have Nongroup Insurance

by Eriksen Insurance | Mar 19, 2013 | Insurance Reform

Kaiser Family Foundation reports: “The federal government recently released draft regulations that address the benefits, market rules, and rating practices for nongroup coverage. Before reform, the nongroup market was widely acknowledged to be broken, with...

Health Care Reform – Adjusted Gross Income VS Modified AGI

by Eriksen Insurance | Feb 4, 2013 | Requirements

Zane Benefits reports: “Modified Adjusted Gross Income is a measure used by the IRS to determine if a taxpayer is eligible to use certain deductions, credits, or retirement plans. Beginning in 2014, individuals who purchase health insurance coverage through one...
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