The case of King v. Burwell provided a scare for residences receiving tax subsidies to help pay for health insurance in 37 states (including Arizona). The case was a challenge to the wording of the Affordable Care Act (AKA Obamacare), which stated that subsidies would only be available in an “exchange established by the state.” […]
Supreme Court Upholds Tax Subsidies for Federally-Run Exchanges Read More »
The IRS announced that it will close a loophole that previously allowed employers to offer lower cost health plans that exclude coverage for physician services, inpatient hospitalization (or both). These plans are classified as “substandard” under the Affordable Care Act of 2010. Such plans currently qualify as “minimum value” plans, which employers are allowed to
IRS Closing “Substandard” Plan Loophole for Obamacare Read More »
As part of the Affordable Care Act of 2010 (also known as Obamacare), starting in 2014 individuals are required to have health insurance. The IRS has been tasked with the responsibility of tracking who is and who is not in compliance with the law. If you do not carry “minimum essential coverage”, you may be
The Individual Health Insurance Mandate: Are You in Compliance? Read More »
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