Changes to 2023 HSA Contribution Limits by Barbara Kempen | May 4, 2022 | HSAIn 2023, there are major increases to the HSA or Health Savings Account contribution limits. An HSA or Health Savings Account is a tax-advantaged investment account that can be withdrawn from for qualified medical expenses tax-free. The funds you deposit into an HSA...
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...
Tax Penalty for Not Having Health Insurance by Barbara Kempen | Mar 11, 2022 | Tax PenaltySince the federal government removed the tax penalty for not having health insurance in 2019, many Californians may think they are not subject to a tax penalty for not having health insurance. California responded to the removal of the federal penalty by establishing...
New Special Enrollment Period Qualifying Life Events by Barbara Kempen | Mar 9, 2022 | Special Enrollment PeriodOnce the Special Enrollment Period started on February 1st, 2022, anyone looking to enroll in or change their health insurance must now have a qualifying life event to do so. A qualifying life event is a major life event that must occur within the last 60 days in...
How will the Supreme Court Rule on the ACA? by Barbara Kempen | Oct 26, 2020 | Affordable Health Insurance, Group Health Insurance, Health Insurance Brentwood, Health Insurance Pacific Palisades, Health Insurance Santa MonicaThe Supreme Court is expected to begin hearing legal arguments over the constitutionality of the Patient Protection and Affordable Care Act or PPACA, more commonly referred to the ACA for short, on November 10th, 2020 with a ruling expected by June of 2021. One of the...
