Tax credits and filing requirements
Posted: September 15, 2014
Did you know? If you received a tax credit to help pay your 2014 insurance premiums, you have already agreed to file your 2014 taxes by April 15th. And... If you received a tax credit you will be required to complete an IRS 1040 form instead of the 104o-EZ form you may be used to filing. ...
Anthem and Stanford Parting Ways
Posted: September 8, 2014
Just released today: Stanford Health Care terminates its contract with Anthem Blue Cross Anthem Blue Cross and Stanford Health Care (formerly known as Stanford University Medical Center) have been engaged in Commercial contract negotiations for several months to reach agreement on reasonable reimbursement rates and contractual terms that are beneficial to both organizations. Unfortunately, Anthem Blue Cross and Stanford Health Care were unable to reach agreement and Stanford...
Covered CA - Proof of Citizenship or Lawful Presence
Posted: September 5, 2014
Covered CA yesterday sent a press release detailing their efforts to confirm eligibility for 98,000 enrollees. We have worked with our clients to try to ensure that proper documentation was submitted. However, we feel it is imperative for everyone to confirm that Covered CA has verified submitted documentation. Therefore, if you were asked to submit proof of citizenship or lawful presence, we urge you to...
2015 Covered California Tax Credit Warning
Posted: September 3, 2014
Many people elected to authorize Covered California to automatically access their federal tax return information and process re-enrollment for next year. According to the Sacramento Bee, those who did, may face a problem with their tax credit. As plans are added or changed on the exchange, subsidy rates can change. However, we've read that subsidy rates may not automatically re-calculate for those who automatically re-enroll....
IRS Releases Draft Tax Forms on Health Care
Posted: July 26, 2014
Thursday the IRS released drafts of the forms employers and individuals will use to report on health coverage for 2014. The forms begin to answer questions we've had about how the federal government will reconcile an individual's estimated 2014 income and Advance Premium Tax Credit eligibility. The forms also begin to address the issue of reporting on employer sponsored health coverage. Many questions remain, and...