Before ringing in the New Year at midnight on December 31, taxpayers should complete this 12-step year-end health, tax and financial wellness to-do list.
Tag: tax credit
Administration Extends Deadline For 1/1/14 Exchange Enrollment
With enrollment in the new Federal and State Health Insurance Exchanges, which the Obama Administration calls “Marketplaces” lagging and Americans attempting to use the Federal and state Exchange enrollment platforms continuing to experience technical “glitches,” […]
Keeping Dementia Patients At Home: New Study Gives Tips
A new Johns Hopkins University study has found that most Americans with dementia who live at home have health, safety and care needs that aren’t being met. Regular evaluation of patient and caregiver needs and […]
PBGC Benefit Recipients Health Coverage Tax Credit Eligibility Expires 12/31/13
Individuals receiving pension benefit payments from the Pension Benefit GUarantee Corporation who receiving the Health Coverage Tax Credit (HCTC) will not qualify for the HCTC credit after December 31, 2013. HCTC is a federal tax credit for health care […]
US Health Care Spending Growth Slows As Private Insurance Coverage Continues To Shrink Amid 2010’s Slow Economy
U.S. health care spending grew 3.9 percent in 2010 to $2.6 trillion or $8,402 per person according to the Annual Report of National Health Expenditures (NHE). The Report notes that since 2007, the economic recession and legislative changes led to a noticeable change in the shares of health care spending financed by businesses, households, and governments. Declining enrollment in private insurance resulted in continuing growth in government financing of this care. The federal government financed 29 percent of the nation’s health care spending in 2010, an increase of six percentage points from its share in 2007 of 23 percent, and reached $742.7 billion. Part of that increase came from enhanced Federal matching funds for State Medicaid programs under the American Recovery & Reinvestment Act which expired in 2011. Review the details of the Report here.
Maintaining Jobs Key To Keeping Americans Covered
A new study documents that job loss from a stale economy is key driver in increase in the uninsured.
Senator Hatch Attacks Proposed ACA Premium Tax Credit Regulations
U.S. Senator Orrin Hatch (R-Utah), Ranking Member of the Senate Finance Committee, says the premium subsidy provisions of the Patient Protection & Affordable Care act (Affordable Care Act) does not authorize the Internal Revenue Service (IRS) to allow individuals purchasing coverage through a federal health insurance exchange to receive the tax credits and subsidies authorized under new Internal Revenue Code § 36B to offset the cost of being mandated to buy health insurance created under Affordable Care Act Section 1311.