People who don't have health insurance from work can buy health coverage under the Affordable Care Act, also known as Obamacare. The premiums are made affordable by a premium subsidy in the form of a tax credit calculated off your income relative to [...]
Late Enrollment Penalty On Health Insurance
A new health care bill American Health Care Act passed in the House. Just like the new tax plan outline, who knows whether it will pass in the Senate or what will change. From the previous post Health Insurance As A Tax we came to know that health [...]
ACA Self-Employed Health Insurance In H&R Block Software
Last time when I looked at how different tax software handled the circular calculation of the ACA tax credit and theself-employed health insurance tax deduction, H&R Block software failed at the task. See Tax Software Bake-Off: Self-Employed [...]
Health Insurance As A Tax
As required by the Affordable Care Act, since a few years ago, employers started reporting to the employees the total cost of their group health care coverage. As an employee, you are still not taxed on this value. The employer's share of the premium [...]
Tax Filing For Self-Employed Health Insurance Through ACA
This post is brought to you by TurboTax. While this post was sponsored by TurboTax, all content and opinions expressed here are strictly my own. When you are self-employed, unless you still get health insurance through an employer, government, or [...]
Health Care Expenses Bunching
Bunching two years of property tax payments in alternate years has been a long-standing tax planning move near the end of the year. The idea is if you don't itemize your deductions every year, paying for this year's plus next year's property tax in [...]
Do The Math: HMO/PPO vs High Deductible Plan With HSA
Some companies offer only a high deductible health plan these days. Many other companies still offer both a high deductible health plan and at least one low-deductible traditional health plan. When the employee's share of the health plan premium is [...]
Not All High Deductible Plans Are HSA Eligible
As you may know, in order to contribute to a Heath Savings Account (HSA) you need to be in a High Deductible Health Plan (HDHP) and you can't have other health coverage. Many people don't realize that just having a high deductible isn't by itself [...]
Price and Effectiveness: Nasonex vs Nasacort Or Flonase
My wife gets seasonal allergy in the spring. Her doctor prescribed a nasal spray Mometasone (brand name Nasonex) last year. She asked for a refill. The doctor's office sent the refill prescription electronically to the pharmacy. How much will it [...]
