Open Enrollment Season Is Here- Penalty 2016 is $695 or 2.5% of Income

Now is the time to make changes or enroll in a new health plan either on or off the Exchange.  The penalty for not having health insurance in 2016 has increased to a tax penalty of $695 per adult, $347.50 per child or 2.5% of income (whichever is greater).  It’s important to note that the…

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COVERED CALIFORNIA ANNOUNCES RATES FOR 2015

FOR IMMEDIATE RELEASE Media Line: (916) 205-8403 July 31, 2014 COVERED CALIFORNIA ANNOUNCES RATES FOR 2015; RIGOROUS NEGOTIATIONS WITH HEALTH INSURANCE COMPANIES KEEP RATE INCREASES LOW AND CHOICES ROBUST Strong Enrollment for 2014 Prompts Balanced Risk Pool and Competition.                                …

How will the Obamacare Subsidy debate effect me?

If you live in California, it won’t.  Opponents of the Healthcare Reform (ACA) are attempting to use the literal translation of the Act to dismantle it.  The federal appeals court in Washington, D.C. ruled that the federal government may not subsidize health insurance plans for federally run Exchanges.  California is one of the 16 that…