by Barbara Kempen | Apr 8, 2022 | Affordable Health Insurance, Tax Credits
On 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...
by Barbara Kempen | Apr 6, 2022 | Affordable Health Insurance, Tax Credits, Tax Penalty
As 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...
by Barbara Kempen | Jan 11, 2022 | Affordable Health Insurance, Covered California, Tax Credits
Covered 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...
by Barbara Kempen | Apr 23, 2021 | Affordable Health Insurance, Tax Credits
With 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...
by Barbara Kempen | Mar 30, 2021 | Affordable Health Insurance, COVID-19, Tax Credits
Thanks 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...
by Barbara Kempen | Mar 22, 2021 | Affordable Health Insurance, COVID-19, Tax Credits
Starting 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...
