Affordable Health Insurance

Medical Inflation is Slowing

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Have you noticed your health insurance premiums increasing 10-20% a year over the last few years? Unfortunately, these dramatic rate increases over the last few years have been the norm. For the Los Angeles region alone, we saw a 13% weighted average rate increase for the individual health insurance premiums in 2018. The Department of […]

Affordable Health Insurance

2018 Open Enrollment Period – a hardship for many families who do not to qualify for subsidies

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The Open Enrollment Period to enroll in a health insurance plan began November 1st, 2017 through January 31st, 2018 in California. In California, many families who are not eligible for subsidies on Covered California, the premium increase in their health insurance is very steep. To remain on the same health insurance premium families are forced […]

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Updates to Open Enrollment Period 2018

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After recently visiting Covered California’s annual event on Open Enrollment Period 2018, there is plenty of updates to cover. For this year, Covered California came up with the slogan “Don’t roll the dice on your health.” It is a great theme for insurance which is all about accepted premium, accepted financial risk and provider choice. […]

Affordable Health Insurance

Substantial Health Insurance Premium increase in 2017 will have Californians rethink their health plan choices

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Health Insurance Premiums for individual policyholders will be increasing substantially in 2017. Covered California announced a state-wide average increase of 13.2 %, while PPO carriers Anthem and Blue Shield reported increases of 19.9% and higher. In contrast to Southern Calififornia, Northern California has particularly less competition due to fewer hospitals and large integrated hospital systems, will experience […]

Affordable Health Insurance

What is the tax penalty for not carrying health insurance in 2016?

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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 […]