The Affordable Health Act (ACA) also known as Obamacare is again being challenged in King v. Burwell which is currently before the United States Supreme Court. A decision in King v. Burwell is expected in June 2015. Americans in 37 states who purchase health care insurance on healthcare.gov, the federal insurance exchange, are in danger of losing the tax credits made possible by the ACA. What Is At Stake in King v. Burwell? What is at stake is the affordability of the Affordable Care Act for … [Read more...] about How King v. Burwell Affects Seniors
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Medical Expense Deduction For Seniors
Tax preparation season continues and one of the often overlooked areas for deductions is the medical expense deduction for seniors. How To Utilize Medical Expense Deduction Taxpayers must itemize to utilize the medical expense deduction. Deductions are itemized on Schedule A of your 1040 form and specific rules by the Internal Revenue Service applies to determine the eligibility of the expense and the threshold calculations. I. R. S. Publication 502 details the current deductible … [Read more...] about Medical Expense Deduction For Seniors
Obamacare Let It Snow
Obamacare elicits various reactions amongst Americans. There is no universal agreement, no universal disagreement and no consensus as to why Americans like or dislike Obamacare. I was looking through an old blog which detailed my trials and tribulations of Obamacare beginning in October 2013. October 2013 was the pivotal month that Obamacare was open for enrollment on the government website healthcare.gov. However the reality was that neither the government nor the website was ready for … [Read more...] about Obamacare Let It Snow
Best Of Obamacare Winter 2014
Obamas Response to My Letter Embroiled in the Jan 1. cancelled insurance policy and Obamacare, I wrote my first letter ever to a United States President. The letter was emailed November 15, 2013. What precipitated the letter was the proverbial straw that broke this insurance buyers' back when the President said on November 14th, you can keep your insurance policy come January 1. Because I could not. I did not appreciate the attempt at political damage control. All that press conference did … [Read more...] about Best Of Obamacare Winter 2014
Best Of Obamacare Fall 2013
Best Of The Obamacare Blog Fall 2013 For Better Or Worse, For Richer Or Poorer, I thee wed to Obamacare To recap: Jan 1. policy cancelled, President said you can keep it, Blue Cross said no you cannot and the continuing myriad of website issues. For the record, I would be more than happy to keep my current policy in comparison to the offerings by Obamacare. Yesterday I went in to healthcare.gov to see if I could sign up - but the mail came. And what does the mail hold? A bill from Blue … [Read more...] about Best Of Obamacare Fall 2013