Obamacare Health Insurance Purchase Requirement Extended?

[Update March 31st 2013] Extension to purchase health coverage may now be in the works. The original deadline to purchase coverage, before incurring penalties was March 31st, 2014. But a number of state exchanges, like Covered California said that, “Individuals who start an online application by 11:59 p.m. on March 31, 2014, will have until …

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Will Obamacare be Delayed?

[Update] – The Obama administration announced that it will give Americans who buy health insurance through the new online marketplaces an extra six weeks (until March 31st, the end of open enrollment) to obtain coverage before they incur a penalty. With all the news around the glitches plaguing the Obamacare website …

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2021 Premium Tax Credit (PTC) to Offset Impact of Health Insurance Premiums

[Updated for 2021 qualifying income ranges and ARP expansion] To support millions of Americans struggling with the cost of health insurance an expanded premium tax credit has been made available to millions of Americans who purchase insurance via  health insurance exchanges or marketplaces. You have to purchase the insurance via …

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Obama Health Care Reform Changes – Mandatory Coverage Penalties, Health Care Exchanges, Tax Credits and Subsidies

President Obama’s signature health care legislation, the Affordable Care Act, is very much in place now and in the next few months a number of Americans are going to see a lot more of the regulations and laws come into place. This includes: Penalties for No Health Insurance. Beginning in …

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No 2019 and 2020 Tax Penalty For Not Having Health Insurance Under ObamaCare

[Updated] Will i still have to pay health insurance penalties (under the Obamacare individual mandate)? This is the question a lot of Americans are asking. The short answer is NO from 2019.  Here is why the individual mandate, a.k.a Obamacare penalty, is no longer in effect from 2019: While Congressional Republicans …

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Understanding Obama’s Health Care Reform Plan – What’s in it for You and How You Will Be Impacted

The supreme courts 5-4 ruling in favor of President Obama’s health care plan means that most of the act’s provisions will now go into action. You can find details of these here, but to summarize: Starting in 2013 The legislation for the first time would place a $2,500 limit on …

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