Affordable Care Act Application Now Available

By Scott Blackford / October 31, 2013 / Uncategorized / No Comments

Indiana Insurance Group now has the new ACA compliant plan enrollment application available for all to review.  This is a great guide to those looking for the type of information that will be asked or you during the enrollment process.  Please note I don’t necessarily suggest that you apply...

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Enter an Assisted user ID# SCOTTBISHOPB and NPN# 8163144

By Scott Blackford / October 24, 2013 / Uncategorized / No Comments

If you enroll directly with healthcare.gov make sure you enter an assisted user id# SCOTTBISHOPB and NPN# 8163144.  If not you will need to contact a 1-800 number for future assistance and you won’t have the personal touch and assistance of Indiana Insurance Group!

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Do you Qualify for a Federal Subsidy?

By Scott Blackford / October 9, 2013 / Uncategorized / No Comments

Under the new Affordability Care Act (ACA) many people will qualify for a Federal Subsidy to help cover the cost of Health Insurance.  This Federal Subsidy will be paid directly to the insurer each month. You may be eligible for a Federal Subsidy if you are below the following 2014 income levels ...

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2017 Income Subsidy Information

By Scott Blackford / October 31, 2016 / Uncategorized / No Comments

Attached below are the 2017 income levels to determine if you may qualify for a federal subsidy.  This subsidy can be applied to help reduce your premium expenses.  Please note these numbers are for the State of Indiana, individual state qualifications may vary. Family size                  Max i...

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2017 IRS guidelines for HSA plans

By Scott Blackford / May 26, 2016 / Uncategorized / No Comments

The Treasury Department and Internal Revenue Service (IRS) recently released the 2017 guidelines on the maximum contribution levels for Health Savings Accounts (HSAs) and out-of-pocket spending limits for High Deductible Health Plans (HDHPs) that must be used in conjunction with HSAs. The 2017 re...

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2016 Income subsidy information

By Scott Blackford / October 30, 2015 / Uncategorized / No Comments

Attached below are the 2017 income levels to determine if you may qualify for a federal subsidy.  This subsidy can be applied to help reduce your premium expenses.  Please note these numbers are for the State of Indiana, individual state qualifications may vary. Family size     Max income      Qu...

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2016 tax penalties or your share responsibility

By Scott Blackford / October 20, 2015 / Uncategorized / No Comments

In 2016, this penalty will increase as follows: 2.5 percent of your household income that is above the tax return threshold for your filing status, or Your family’s flat dollar amount, which is $695 per adult and $347.50 per child under 18. The penalty is capped at the cost of the national averag...

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How to Reconcile Premium Tax Credits with the Premium Tax Credit Allowed

By Scott Blackford / September 17, 2015 / Uncategorized / No Comments

To determine has to reconcile your premium tax credit with the premium tax credit allowed a tax filer uses his or her actual household income, family size, and applicable second lowest cost Silver plan to compute the allowed premium tax credit for the year. The tax filer uses Form 8962, Premium T...

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Out Of Pocket Maximum Changes for 2016

By Scott Blackford / August 19, 2015 / Uncategorized / No Comments

Under the Affordable Care Act, plans that began on or after January 1, 2014, are subject to an annual, out-of-pocket (OOP) maximum on the amount that an enrollee must pay for essential health benefits. This applies to all non-grandfathered health plans, including self-insured and large group heal...

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Open Enrollment Begins November 1, 2015

By Scott Blackford / August 17, 2015 / Uncategorized / No Comments

The open enrollment for your 2016 health coverage begins November 1, 2015 and ends January 31, 2016. If you wish to make any plan changes for next year you will need to make these changes during the open enrollment period.

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Employers Face Significant Penalties for Reimbursing Employees’ Individual Health Insurance Policy Premiums

By Scott Blackford / June 24, 2015 / Uncategorized / No Comments

New guidance from the IRS explains the consequences when an employer does not establish a health insurance plan for its own employees, but instead chooses to reimburse those employees for some or all of the premiums they pay for individual health insurance, either inside or outside the Health Ins...

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Tax Penalty Special Enrollment Period

By Scott Blackford / March 6, 2015 / Uncategorized / No Comments

The Centers for Medicare & Medicaid Services (CMS) has announced a Tax Penalty Special Enrollment Period (SEP) for select individuals that have not enrolled in healthcare coverage for 2015. This Special Enrollment Period for Health Insurance Marketplace enrollments only will be from Sunday, ...

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ACA Special Enrollment Period for Federal Tax Season

By Scott Blackford / February 20, 2015 / Uncategorized / No Comments

The Centers for Medicare & Medicaid Services (CMS), one of the federal agencies responsible for administration of the Affordable Care Act (ACA), announced on Friday, February 20, 2015, a new special enrollment period (SEP). The new special enrollment is available starting March 15th to indiv...

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