The health care reform legislation that became law in 2010 - known officially as the Affordable Care Act and also as Obamacare - requires most Americans to have a basic level of health insurance coverage. This requirement is commonly referred to as the l
The Affordable Care Act allows people to be uninsured for no more than two consecutive months without being subject to a tax penalty. The ACA also creates new enrollment periods when a person can enroll in major medical insurance. Outside of an enrollment period, people may have to wait to ...
It's that time of year again: In most states, theAffordable Care Act's annual open enrollment season for health plans beginsNov. 1 and lasts through Jan. 15.Current enrollees who do not update their information or select an alternative will be automatically reenrolled in their current plan o...
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Facing unemployment can be challenging, but understanding the tax landscape can help you navigate this period more effectively. By leveraging the tax benefits on unemployment and being proactive in your tax planning, you can ensure financial stability and peace of mind during your job transition. 8...
101 during the Open Enrollment Period in 2024. For families had an average deductible of $10,310. In 2023, the Kaiser Family Foundation (KFF) reported that the average deductible for marketplace plans for medical and prescription drugs is $7,481 for Bronze plans, $4,890 for Silver plans,...
into law in 2016, small business owners now have more options and flexibility to help their employees pay for health insurance. They are no longer required to offer ACA-compliant group health insurance in order to provide their employees with (HRAs). But what is an HRA, and how do HRAs ...
Loss ratios help assess the health and profitability of an insurance company. A business collects premiums higher than amounts paid in claims, and so high loss ratios may indicate that a business is infinancial distress. Unlike auto and homeowners insurance, under the ACA, health insurers do not...
An advance payment is made ahead of its normal schedule such as paying for a good or service before you actually receive it.
TCJA altered the treatment of intangible property held abroad, such as patents, trademarks, and copyrights. For instance, Nike (NKE) houses its Swoosh trademark in an untaxed Dutch subsidiary.26 When the foreign tax rate on foreign earnings above a 10% standard rate of return is below 13.125...