When you are flexible in scheduling health care services, doing it this year or next year can make a difference in how much you will pay out of pocket.
Do The Math: HMO/PPO vs High Deductible Plan With HSA
When the premiums between a high deductible and a low deductible health plan are close, the bulk of the savings come from the tax deduction on HSA contributions.
Not All High Deductible Plans Are HSA Eligible
Just a high deductible isn’t enough. Health insurance plans must meet other criteria to become HSA-eligible.
Price and Effectiveness: Nasonex vs Nasacort Or Flonase
OTC drugs Nasacort and Flonase can be just as effective as prescription drug Nasonex at 1/10th the cost.
High Deductible Health Plan (HDHP) and Expensive Prescriptions
A high-deductible health plan motivates consumers to find lower cost prescriptions.
Tax Software Bake-Off: Self-Employed Health Insurance and ACA Premium Tax Credit
See how TurboTax, H&R Block, and TaxACT software handle the complex calculations for self-employed health insurance deduction and the premium tax credit under the Affordable Care Act.
IRS Guidance On Circular Reference in ACA Premium Subsidy and Deduction
The IRS provided guidance on how to solve the circular reference math problem between the premium subsidy under Obamacare and the health care premium deduction for the self-employed.
FSA, HSA, HRA, Oh My!
The difference between Flexible Spending Account (FSA), Health Savings Account (HSA), and Health Reimbursement Account (HRA), and when you should choose which.
Circular Reference In Self-Employed Health Insurance Deduction Under ACA Premium Subsidy
If you are self-employed, you can potentially get both the subsidy tax credit and a deduction for your health care premium under Obamacare, but calculating the numbers can be tricky.
Income Bunching Under Obamacare ACA Premium Subsidy
If you can’t qualify for the premium subsidy under the ACA, if may be helpful to bunch up your income.
Free Flu Shot Covered In Full By Insurance
This year’s flu shot campaign seems to have started earlier than previous years. My employer had the on-site flu shot clinics in mid-September. I got the email from HR but I didn’t pay attention to the dates. I thought it would be later in October or November; so I missed the on-site dates. Grocery stores, […]
Happy Trails With Income Poor
This is the third and final installment on my Asset Rich Income Poor strategy. The road to asset rich sounds simple at a high level but it’s not that easy at the details level, because every decision you make has tradeoffs. The tradeoffs affect the final outcome in ways you can’t know for sure. I […]