Proposed Solution to “Family Glitch” Rule by Barbara Kempen | Apr 8, 2022 | Affordable Health Insurance, Tax CreditsOn April 6th, 2022, the Biden administration proposed a change to how the IRS calculates the affordability of health insurance for employees and their families. The affordability test is used to calculate if a household is eligible for premium assistance through...
1095 & 3895 Health Insurance Tax Forms by Barbara Kempen | Apr 6, 2022 | Affordable Health Insurance, Tax Credits, Tax PenaltyAs many Americans are still preparing their taxes before the April 18th deadline, please make sure that you have your 1095 (federal) & 3895 (state) tax forms and provide them to your tax preparer as they are required to complete your taxes. In California, there is...
Required Tax Forms for Minimum Essential Health Coverage & Premium Assistance by Barbara Kempen | Jan 11, 2022 | Affordable Health Insurance, Covered California, Tax CreditsCovered California will begin to send out the 1095 B and 3895 tax forms in the 3rd and 4th week of January. When you file your taxes later this year, you will need to make sure that you have your 1095 tax document which will be distributed by either Covered CA...
American Rescue Plan alleviates health insurance premiums by Barbara Kempen | Apr 23, 2021 | Affordable Health Insurance, Tax CreditsWith the signing into law of the American Rescue Plan by President Joe Biden on March 11th, not only do most Americans receive stimulus checks, but many Americans also qualify for additional health insurance premium assistance through premium tax credits. In...
New Health Insurance Subsidies from the American Rescue Plan by Barbara Kempen | Mar 30, 2021 | Affordable Health Insurance, COVID-19, Tax CreditsThanks to the American Rescue Plan, more of America’s middle class will be eligible to receive health insurance premium assistance through Covered CA statewide or through Healthcare.gov nationwide. The premium assistance cutoff has been bumped up from 400% of...
Covered California just announced a new Special Enrollment Period to take advantage of the American Rescue Plan by Barbara Kempen | Mar 22, 2021 | Affordable Health Insurance, COVID-19, Tax CreditsStarting on April 12th, 2021, Covered California will have a new Special Enrollment Period which will run through the end of 2021. This new Special Enrollment Period will allow Californians, who will be eligible due to the American Rescue Plan, to apply for health...
