If you are an early retiree, especially between the ages of 55 to 64, you have the opportunity to get large tax credits to help pay for your health insurance coverage if you buy it through the health care exchange.Carolyn McClanahan
If you don’t get insurance through an employer or Medicare, HHS recommends you learn about health insurance coverage provided by Medicaid, CHIP or the health insurance marketplaces by visitingHealthCare.gov. The health insurance marketplace, created by the federal and state governments to...
Would you prefer to save your money or sink it into something with real value, such as gold? Believe it or not, under ObamaCare it is possible to do this without penalty. Here’s how: 1. Don’t purchase health insurance. 2. Underpay your federal income tax throughout the year so th...
In 2010, President Barack Obama passed theAffordable Care Act (ACA)or Obamacare to help reduce healthcare costs for families and ensure more people were able to access health insurance. Originally, it required everyone to have qualifying insurance, or they would face a tax penalty. However, it...
Places to Get Health Care Without Insurance The worst possible way to control your health care costs is to avoid going to the doctor. When you put off dealing with small medical problems, they can turn into much bigger, harder-to-deal-with problems. In the long run, you’ll end up payi...
The Affordable Care Act Premium Tax Credit is a new refundable tax credit that can lower your monthly health insurance premiums. If you qualify for the tax credit, you can claim the Premium Tax Credit throughout the year to lower your monthly health insu
Obamacare will bring with it a boost to insurance company revenues. But it will almost certainly come at the expense of margins. Remember, some of the currently uninsured are people who are effectively uninsurable, or those with pre-existing conditions. These new customers are money losers for...
You can buy aplan that isn’t Obamacareat any time. You don’t have to wait for open enrollment. A fewalternatives to Obamacareinclude short term health insurance, faith-based plans, and fixed-indemnity plans. While these plans are typically cheaper, they don’t offer the same comprehensive...
Nobody really believed that all 47 million uninsured people would suddenly get health insurance under Obamacare, despite the subsidies and penalties. But the fact that five years has gone by and 60% of those who were uninsured are still uninsured seems like another example of incredible government...
Most enrollees gethealth insurance subsidiesthat will keep them from feeling the price hike. Eighty percent should be able to pay $10 a month or less after financial assistance. Maximum out-of-pocket limits, which cap how much you spend for care, are down. ...