Trump Hints at Withholding Exchange Subsidies to Prompt ACA’s Decline

| posted in Blog

Following the House of Representatives’ failed effort to repeal the Affordable Care Act, President Trump has promised that the repealing and replacing law is still one of his top priorities, and also hinted at hastening its demise by withholding the premium subsidies the government pays to health exchanges. Essentially, if he follows through and creates the regulatory environment to make withholding the subsidies possible, the health care exchanges would collapse under their own weight as insurers pull out en masse. In addition, already it’s unclear how serious the IRS under Trump will be about collecting penalties from applicable large employers…
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Individual Market Open Enrollment Starts Today

| posted in Blog

Today is the official start of open enrollment in the individual health insurance market. If you are enrolled with our assistance, or are new to the market, you have until Dec. 15 to enroll in a plan for the 2017 policy year. However if you miss that first deadline and sign up between Dec. 16 and Jan. 15, 2017, your coverage will start Feb. 1, 2017. And if you enroll between Jan. 16 and Jan. 31, 2017, your coverage will start March 1, 2017. People who qualify for Medicaid or the Children’s Health Insurance Program (CHIP) can enroll at any…
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Open Enrollment is Coming to a Close

| posted in Blog, Uncategorized

With the tax penalty larger than it has ever been, now is the time to sign up for health coverage if you are not covered. The “shared responsibility” penalty for going without coverage in 2016 is $695 per person and $347.50 per child, or 2.5% of household income – whichever is higher. The open enrollment deadline is January 31st, 2016. Anyone who has not signed up by that deadline will not be able to enroll until next year’s open enrollment, unless they have a qualifying life event. If you wish to have coverage that is effective February 1st, your deadline to submit…
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