Affordable Care Act Open Enrollment Is Upon Us! Remember that your policy will automatically renew. There is NOTHING you need to do. Please note that Healthcare .gov / the Marketplace will email, call and text you with scary messages stating you need to renew or you won't have coverage next year. That is flat out wrong. If there are any changes in income or household demographics please let us know and we will update this information for you.
Insurance Companies Sending Out Renewal Letters: Many insurance companies will be sending out renewal notices within the next 2 weeks for January 1st effective dates. Once you receive your renewal premium, if you have any concerns, please let us know. We can always "shop" all of the major companies available.
IRS Releases Final Rules On "Family Glitch" Tax Credits: October 11, 2022 the IRS released a final rule that changes the way health insurance affordability is determined for member's of an employee's family, starting January 1st 2023. Many employee's find the cost of "family coverage" through an employer is extremely expensive. With the new calculation of "affordability" many of those family members may now qualify for a tax credit to lower their premium.