Tuesday, October 27, 2015

How to eat red meat without killing yourself - MarketWatch

I posted the WHO report yesterday so I thought it only right to post this response from the other side of the room... 

How to eat red meat without killing yourself -MarketWatch

Obamacare Open Enrollment Begins November 1

In just 5 days the health insurance marketplace open enrollment will begin.  While it's true that open enrollment will continue through January 31, 2016, it you want your coverage to be effective as of January 1 you will need to sign up and make your plan selection before December 15.  So don't procrastinate!

Tuesday, October 20, 2015

Beware of the Obamacare Shared Responsibility Payment

"You have an unpaid shared responsibility payment for 2014. 
 Amount due: $2,344.00"

The above notice from the IRS was received by this family for their shared responsibility payment for 2014, which was 1% of their income.  A $2,344 penalty for not having insurance coverage in 2014 is bad enough, but the sobering reality is that if this couple remains uninsured in 2015 the penalty will increase to 2% of their income, and if they stay uninsured in 2016 the penalty will increase to 2.5% of their income.

How is the actual shared responsibility payment computed?


True, it's your choice whether or not to have health care coverage.  Instead of being surprised at tax preparation time, it's important that the decisions we make about health care coverage ahead of time are made with the full understanding that the shared responsibility payment could be considerable, and will increase each year.

Saturday, October 17, 2015

Medicare Open Enrollment Really is October 15 through December 7

Yes, Medicare open enrollment really started October 15 and will continue through December 7, 2015.  Some news articles mistakenly list November 1 as the start date for Medicare open enrollment.  Why would they do that?  They get it mixed up with the Obamacare open enrollment that begins on November 1.  Trust me, it's easy to get mixed up!  Remember, Medicare open enrollment has already started, so take time to shop the plans early to avoid the last minute rush.

Two more Obamacare health insurance plans collapse | The Washington Post


Two more Obamacare health insurance plans collapse | The Washington Post