Three health care myths affecting consumers in 2018

Posted by Alex Tolbert on Wed, Feb 14, 2018 @ 09:02

Policy changes lead to confusion

When it comes to health care, things are as confusing as ever. Possible changes to the Affordable Care Act made plenty of headlines in 2017, but actual changes were few and far between. 

This disconnect has created a lot of misinformation. Polls show a third of Americans incorrectly believe President Trump has repealed the Affordable Care Act, and many other myths have cropped up around healthcare, especially regarding insurance and costs.

Here are three healthcare myths that could be costly for consumers in 2018.

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Tags: healthcare, aca, The Tennessean, individual mandate

Three open enrollment takeaways for Nashville

Posted by Alex Tolbert on Tue, Jan 30, 2018 @ 08:01

Trying to beat the tax time rush?

The most recent open enrollment period for the Affordable Care Act marketplaces was unique. It was the first administered under anyone other than former President Obama, it was half as long as previous periods, and it was the last open enrollment for which the individual mandate applies.

These different circumstances may be signals of what’s to come for the ACA.

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Tags: healthcare, aca, HSA taxes, taxes, The Tennessean, individual mandate

Three healthcare tips for tax time

Posted by Alex Tolbert on Mon, Jan 15, 2018 @ 07:01

Trying to beat the tax time rush?

Mid-January marks the start of tax season, and health care items throughout the past year can impact how you file your taxes. 

This time of year typically creates a lot of consumer confusion, and getting all the facts straight can be tricky. With the repeal of the Affordable Care Act’s individual mandate recently in the news, this topic is certain to cause particular issues this year. 

Aside from the individual mandate, other health care expenses can also affect your tax return, including Health Savings Accounts and high-cost medical expenses. 

If you’re trying to beat the tax time rush, here are a few tips on what you should know about these items.

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Tags: healthcare, aca, HSA taxes, taxes, The Tennessean, individual mandate

With the individual mandate repealed, three things to expect

Posted by Alex Tolbert on Fri, Jan 12, 2018 @ 10:01

When is the repeal effective? 

Republicans successfully repealed the Affordable Care Act’s individual mandate through their tax reform legislation, which has created many questions for consumers.

How will this decision affect insurance markets and consumers’ ability to get coverage? Without additional legislative action, there are three things we can expect.

With the individual mandate repealed, many healthy people will drop their coverage. This will likely lead insurers to expect to lose money, and they will either exit the individual market or raise premiums. As a result, there will be increased pressure on Congress to come up with a solution before consumers’ access to coverage is reduced.

Let’s go through each of these predictions, but first, a little more on repeal.

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Tags: healthcare, aca, The Tennessean, individual mandate

What does the individual mandate repeal mean?

Posted by Emily Kubis on Thu, Dec 21, 2017 @ 10:12

What individuals should know

Congress successfully passed the Republican tax bill Wednesday, which includes a repeal of the Affordable Care Act’s individual mandate.

What does this mean for consumers?

The individual mandate is the Obamacare policy that requires consumers who can afford health insurance to carry it. Under the ACA, if consumers choose to go uninsured, they face a penalty when they file their taxes for the year they lacked coverage.

The repeal is effective in 2019, meaning consumers who forgo health insurance in 2019 will not face a tax penalty in 2020.

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Tags: Affordable Care Act, aca, Individual health insurance, Individual Plans, individual mandate, individual digest

Missed the deadline for open enrollment?

Posted by Emily Kubis on Wed, Feb 01, 2017 @ 05:02

What you need to know

January 31 was the final deadline for open enrollment, the period during which consumers can freely choose or switch health plans on the marketplace.

Who is impacted by this deadline? Individual insurance consumers, meaning people who do not get coverage from work or through government programs like Medicare and Medicaid.

If that’s you, and you did not get 2017 coverage before the deadline, here’s what you need to know:

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Tags: Affordable Care Act, Individual health insurance, open enrollment, deadline, Individual Plans, marketplace deadlines, individual mandate, individual digest

Practical health insurance advice for 2017

Posted by Emily Kubis on Fri, Dec 02, 2016 @ 09:12

Check out our column in the Huffington Post: 

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Tags: Affordable Care Act, obamacare, individual market, individual mandate, Huffington Post, Donald Trump, individual digest, 2017

Will "healthy adulting" attract young invincibles?

Posted by Emily Kubis on Mon, Nov 28, 2016 @ 09:11

Check out our column in the Huffington Post: 

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Tags: Affordable Care Act, obamacare, Young Invincibles, individual market, individual mandate, Huffington Post, Donald Trump, individual digest, young adults

Will Trump repeal Obamacare?

Posted by Emily Kubis on Wed, Nov 09, 2016 @ 11:11

Uncertainty for health reform as Republicans take Congress, White House

Donald Trump is the United State’s president-elect, and with his win comes big questions for the Affordable Care Act, President Obama’s signature healthcare law.

Trump has promised to repeal the law, and with Republicans controlling the House and Senate, it is a real possibility. Just this January, the House and Senate passed a bill dismantling the ACA and Planned Parenthood by using a budget reconciliation process, which bypasses a filibuster effort by Democrats. Obama repealed it, but with a Republican in the White House, a similar effort next year could easily have a very different outcome.

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Tags: Affordable Care Act, obamacare, individual market, individual mandate, Donald Trump, individual digest

Don't have insurance? How to claim an exemption

Posted by Emily Kubis on Thu, Feb 18, 2016 @ 07:02

You may qualify for a coverage exemption and avoid penalties

Most people know by now that the Affordable Care Act requires all Americans who can afford insurance to carry it. This piece of the law is called the individual mandate, and those who don’t comply with it will be fined when they file their taxes for the year they lacked insurance. The penalty is called the “individual shared responsibility payment.”

It’s tax season, so many Americans are having to either report that they had insurance coverage for 2015, or figure out if they owe the fine. What many uninsured people don’t realize, however, is that the individual mandate does not apply to everyone. There are exemptions, and if you qualify for one, you can avoid paying the penalty.

A common exemption is the short gap exemption. If you lacked coverage for two months or less, you can claim the short gap exemption on your tax return and avoid the fine.

Other exemptions are related to affordability, certain groups of people or hardships. Read on to find out what the exemptions are and how to apply for them. And even if you don't qualify for an exemption, you still may be eligible for a special enrollment period to get coverage. Click here to find out

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Tags: Affordable Care Act, healthcare, ACA tax penalty, heath insurance, creditable coverage, coverage exemption, individual mandate

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