Solutions to Make Better Decisions with Your Money

Read This before You Let Your ACA Plan Autorenew for 2015

ACA Plan Autorenew for 2015 - TaxACT

If you are enrolled in a health insurance plan you purchased through the Affordable Care Act exchanges (or marketplaces), your plan is set to autorenew this fall. You don’t have to do anything extra to keep your policy in force for 2015. That’s the good news. The bad news is that if you don’t look […]

4 Money Mistakes Millennials Make

4 Money Mistakes Millennials Make - TaxACT

Ever kick yourself for not planning ahead financially or for making purchases you later regretted? You’re not alone. It’s easy to make a few missteps when you’re first starting out and still learning how to stick to a budget. Although there are a few things other generations can learn from Millennials, here’s a look at […]

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 […]

Weekly Favorites: Taxes From A To Z (2014): B Is For Basis, and more

TaxACT Weekly Favorites - 3/7/2014

TaxACT Weekly Favorites:  March 7, 2014 7 Tricky Tax Return Questions—Answered! via Bottom Line Publications Each new year brings tricky changes in the tax code, creating confusion when it comes time to fill out tax forms and do tax planning. Last year’s soaring stock prices and rising real estate values could further complicate these tasks […]

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 […]

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 […]

How to Enroll in the Affordable Care Act 101

How to Enroll in the Affordable Care Act 101 - TaxACT

How do you enroll for a health insurance plan through the healthcare marketplaces? Now that the health insurance marketplace website is running better, let’s review the options for signing up for health insurance. Navigating HealthCare.gov First, you actually have the option of window-shopping at healthcare.gov. On the main page is a circle that reads: SEE […]

Unemployed: What the Affordable Care Act Means For You

Unemployed: What the Affordable Care Act Means For You - TaxACT

Have you been struggling with access to health insurance since losing your job? Are you concerned that your COBRA coverage may run out soon? Daunted by the cost of obtaining a continued health insurance policy under HIPAA? Fear not – with the rollout of the new health insurance exchanges, or marketplaces, under the Affordable Care […]

The Advantages of the Affordable Care Act for the Self-Employed

The Advantages of the Affordable Care Act for the Self-Employed - TaxACT

What advantages does the Affordable Care Act offer to the self-employed? Three significant advantages under the ACA: The potential for an easier shopping experience, The possibility of financial subsidies, and The ability to easily compare one plan against another. Comparing Health Insurance Options Comparing health insurance options from several health insurers will be much different […]

4 Health Insurance Options for Young Adults

4 Health Insurance Options for Young Adults - TaxACT

Will they or won’t they? That’s the often-posed question about young people and health care reform. That is, will healthy young people sign up for health insurance in the marketplaces created under the Affordable Care Act (ACA), or will they stay away in droves? The Obama Administration and insurance companies are relying on enrollment by […]

4 Health Insurance Plans Included in the Affordable Care Act

4 Health Insurance Plans Included in the Affordable Care Act - TaxACT

What types of health insurance plans are available through the Affordable Care Act? What kind of insurance plans will you find on the health insurance marketplace? The simple answer to both questions is: all kinds. All plans available are required to offer 10 basic coverage areas, which include hospitalization, outpatient care prescription drugs and laboratory […]