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Miss the Deadline to Purchase Health Insurance? Maybe Not!

Miss the deadline to purchase health insurance? Maybe not! - TaxACT

April 15th marked the no-kidding-around end of the first open enrollment period for signing up for a new health care plan via the Affordable Care Act (ACA). The Obama administration (and several states) extended two weeks of wiggle room to those who (scout’s honor) started signing up before March 31 deadline but ran into a […]

3 Reasons to Buy Health Insurance During Tax Season

3 Reasons to Buy Health Insurance During Tax Season - TaxACT

Tax Day is nearly upon us, and even if your finances are in perfect order, it’s hard not to breathe a sigh of relief when you’ve finally filed your tax return. Compiling information and receipts for 365 days’ worth of personal and business transactions can sometimes feel like an insurmountable task. Tax season is actually […]

6 Things to Know About Pre-Existing Conditions and Health Insurance

6 Things to Know About Pre-Existing Conditions and Health Insurance - TaxACT

You’ve heard by now that health insurance companies can no longer deny you coverage because you have a pre-existing condition, thanks to the Affordable Care Act (ACA). That sounds like good news, and for many people it is. It’s not quite that simple, however. Make sure you understand the new rules for pre-existing conditions:

Obamacare Open Enrollment Ends March 31, 2014

Obamacare Open Enrollment Ends March 31, 2014 - TaxACT

That’s the deadline. If you haven’t yet signed up for health insurance, there’s no day like today. Despite the record snowfalls and wind chills gripping the country, January was a hot month for healthcare. More than 1.1 million people signed up for coverage through state and federal marketplaces, according to a recent Department of Health […]

8 Free Preventive Services Under Obamacare

8 Preventive Services Free Under Obamacare - TaxACT

As the saying goes, “An ounce of prevention is worth a pound of cure.” And now, thanks to the provisions of the Affordable Care Act (ACA), taking measures to ward off illness and disease has never been easier. All marketplace plans are required to cover a specific range of preventive services without co-pays or coinsurance, […]

Five Things You Need to Know About the ACA

Five Things You Need to Know About the ACA - TaxACT

On October 1, 2013, the health insurance landscape changed dramatically as the Patient Protection and Affordable Care Act (ACA), often referred to as Obamacare, went into effect. Thanks to a major overhaul of public policy, subsidized coverage can now be purchased through state-run or national exchanges, and no one can be turned away. Changes to […]

Our Top Ten Most Read Blog Posts of 2013

Top Ten Post

From the very first post in 2013 (The Difference Between Form 1040, 1040A and 1040EZ) to the most recent (Persisting Myths About Health Care Reform), the TaxACT blog has touched a wide variety of topics. Though with varying topics, they all point back to one consistent theme; providing personal finance and tax tips you can actually […]

Persisting Myths About Health Care Reform

Persisting Myths About Health Care Reform

What are the most persistent myths about the Affordable Care Act? The answer to this question depends on who is asking and who is answering the question. So many myths have persisted for so long that it’s a challenge to separate what might seem to be a truly crazy myth (such as the act contains […]

Affordable Care Act: Catastrophic Plan vs Full Coverage

Affordable Care Act: Catastrophic Plan vs Full Coverage - TaxACT

Are you eligible for a catastrophic plan? Is it right for you? Under the Affordable Care Act, there are basically five levels of available health insurance plans: Platinum, Gold, Silver, Bronze . . . and Catastrophic. Catastrophic is a minimal plan and has a number of limitations. It is therefore considered a separate plan from […]

What’s At Stake If You Miss the Deadline to Get Health Insurance?

What's At Stake If You Miss the Deadline to Get Health Insurance

The deadline to get health insurance is approaching. If you don’t have access to employer-provided health insurance and you don’t qualify for Medicaid or Medicare, you need to make sure you have health insurance that meets the requirements of the Affordable Care Act (ACA) by January 1, 2014. If you don’t get qualified health insurance […]

Older Americans and Seniors – What the ACA Means for You

Older Americans and Seniors – What the ACA Means for You - TaxACT

What does the Affordable Care Act mean for older Americans? If you’re 65 or older and on Medicare, you can keep your plan. Medicare’s basic structure hasn’t changed, although the Affordable Care Act (ACA) makes some important benefit improvements. If you’re too young for Medicare and don’t have access to health insurance through an employer, […]

How the Affordable Care Act Affects Low Income People

How the Affordable Care Act Affects Low Income People - TaxACT

Location, location, location; they’re often said to be the three most important factors determining the value of real estate. Location also matters greatly for low income Americans hoping to get health insurance through the Affordable Care Act (ACA). The ACA aims to cover 21.3 million low income uninsured Americans through expansion of the federal- and […]

You Have Insurance. So What Does the ACA Offer You?

You Have Insurance. So What Does the ACA Offer You? - TaxACT

Do you have health insurance through work? For you, the question might be: Do I need to use the healthcare marketplaces that are part of the Affordable Care Act, sometimes called Obamacare? The simple answer is: No, you probably don’t need to. It’s possible, however, that you might want to. A Job-Based Plan If you […]