Californians who applied for health insurance through Covered California in 2015 will receive within the next weeks a 1095- A form. This is a health Insurance Medical Statement. In Section 1 it lists the health insurance policy name, the health insurance you were signed up with at the start & end date of coverage. Section 2 list the individuals […]
On November 20, the Department of Health and Human Services (HHS) issued proposed regulations that address a wide range of Affordable Care Act (ACA) benefit provisions that will be effective for 2017 plan years. Published each fall, these rules will be finalized in the spring for the following year. Here is an overview of some […]
As an insurance agent I am always eager to learn about new health insurance options, such as California’s 2016 Oscar Health Insurance for 2016 in California and Covered California. I make a point in trying each of the systems myself so I can share my experiences with my clients and potential clients . In 2014 […]
The open enrollment to apply for health insurance ends Janaury 31st 2016, there are still some Californians who decides not to carry health insurance . Here are is an overview of the tax penalty for 2016 . What happened if I do not pay health insurance in 2016? ● 2016 tax penalty: the annual individual responsibility payment is the greater of ○ 2.5%of the taxpayer’s household income that is above the tax return filing threshold for the taxpayer’s filing status, or ○The taxpayer’s flat dollar amount, which is$ 695 per adult and $347.50 per child, limited to a family maximum of $2085. ● However the total payment amount is capped at the cost of the national average premium for a Bronze level hath plan available through the Marketplaces in 2016 […]