Under the Affordable Care Act (ACA), minimum essential coverage (MEC) refers to any health insurance plan that satisfies the individual shared responsibility requirement. This is commonly known as the individual mandate. Although the federal tax penalty for lacking MEC no longer exists for individuals...
Any plan sponsored by an employer. This includes employer-sponsored coverage for retirees and "COBRA" coverage for former employees. Government health care plans such as Medicare Part A, Medicare Advantage, Medicaid, the Children's Health Insurance Program, Tricare for military members, veterans medic...
Most TRICARE plans, for example, meet minimum essential coverage requirements on their own. You can continue to use other health insurance if you are already covered, but there is no need to seek out additional coverage beyond qualifying VA plans to comply with ACA requirements. TurboTax Tip:...
Open season is the only time you can change your plan, except for a qualifying life event such as the birth or adoption of a child, marriage, divorce or retirement from active duty. Eligible beneficiaries can also enroll in Tricare during this time. If you need to know whether ...
Open season is the only time you can change your plan, except for a qualifying life event such as the birth or adoption of a child, marriage, divorce or retirement from active duty. Eligible beneficiaries can also enroll in Tricare during this time. ...
Remember that your agent doesn't need to be a lawyer. Technically, any competent adult can serve as an attorney-in-fact. That said, there are advantages to involving a lawyer, especially if that lawyer is meant to handle both your powers of attorney and your estate plan. These can be co...
or moving from individual to family enrollment. If you’re eligible for a Tricare plan but aren’t enrolled, now is the time to do it. Otherwise, you’ll have to wait until a qualifying life event, such as the birth or adoption of a child, marriage, divorce, mov...
From start to finish, the patient and their family are at the center of the hospice team. They’re part of the patient’s care throughout the admissions process and over the course of hospice service, helping shape the care plan.Find...
When it comes to creditable coverage, not all plan types qualify. You will want to be sure that your health care plan is considered creditable for Medicare Part B when delaying Part B coverage. Examples of coverage that is not creditable for Medicare Part B include: TRICARE Veterans Benefit...
DeNoyer, Richard