Tag Archives: affordable california health insurance brentwood

My Experience with Oscar Health Insurance in Los Angeles so far

As an insurance agent I am always eager to learn about new health insurance options,  such as California’s 2016 Oscar Health Insurance for 2016 in California and Covered California.  I make a point in trying each of the systems myself so I can share my experiences with my clients and potential clients . In 2014 […]

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What is the tax penalty for not carrying health insurance in 2016?

The open enrollment to apply for health insurance ends Janaury 31st 2016, there are still some Californians who decides not to carry health insurance . Here are is an overview of the tax penalty for 2016 . What happened if I do not pay health insurance in 2016? ● 2016 tax penalty: the annual individual responsibility payment is the greater of ○ 2.5%of the taxpayer’s household income that is above the tax return filing threshold for the taxpayer’s filing status, or ○The taxpayer’s flat dollar amount, which is$ 695 per adult and $347.50 per child, limited to a family maximum of $2085. ● However the total payment amount is capped at the cost of the national average premium for a Bronze level hath plan available through the Marketplaces in 2016 […]

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When Should I Choose to Pay The Penalty?

Usually it’s safer to just get health insurance, rather than risking ending up having to pay doctors and hospitals thousands (or hundreds of thousands) of dollars. However, there is a case that is an exception to this rule. You might want to consider differently if you’re generally healthy and have a solid network of providers […]

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How Do I Pick A Health Insurance Plan?

Picking a health insurance plan can be a tough choice. Start by writing down the main features of the plans you are considering, and compare them with each other. Be sure to write down any questions you have regarding the plans, and look information up along the way. Gather together important details, such as whether […]

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Hitting The “Out-of-Pocket Maximum” : Is Everything Else Covered?

So, you have paid the out-of-pocket maximum (rates varying depending on what type of plan you have) under the Affordable Care Act. Does this mean that everything else is now covered? Unfortunately not. Despite having hit the maximum, you will still have to pay any health insurance premiums, any treatments not directly covered buyout health […]

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IRS reports Results of the First Year Individual Responsibility Requirements of the Affordable Care Act

On Tuesday, the IRS announced the results of PPACA’s first year individual responsibility requirements. The report had analyzed 135 of an estimated 150 million tax returns. From this information, it became clear that 76% of Americans had checked the box indicating that they had qualifying insurance for the next year. About 12 million Americans had […]

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Only A Day To Go In Enrollment Period offered By Covered California

Covered California is offering a special enrollment period for Californians who did not know or understand there was a tax penalty for being uninsured in 2014 or who learned they may face a tax penalty for 2015. The Special Enrollment Period begins February 23rd and Ends April 30th 2015. Consumers need to attest that they did […]

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Tax Forms Introduced With The Affordable Care Act

Californians who applied for health insurance  through Covered California in 2014 will receive within the next weeks a 1095- A form. This is a health Insurance Medical Statement. In Section 1 it lists the health insurance policy name, the health insurance you were signed up with at the start & end date of coverage. Section 2 list the individuals […]

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No-Insurance Tax Penalty Increase

The annual tax penalty for not carrying health insurance in California will increase in 2015 to $ 325 per adult and $ 162.50 per child, or, 2 % of your annual income (whatever is higher). The maximum penalty will be $975 per family  or roughly 2 % of total income depending on the family income. […]

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Special Enrollment Period for Small Business seeking health insurance for 2015

The Special Enrollment Period for small business seeking group health insurance  ends December 15th in California . From November 15 to December 15 2014 Small business who are seeking health insurance do not have to qualify for the normal Eligibility Guidelines, meaning a company does not have to have to a 70% participation and also does […]

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