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Reform News That Matters

For Your Finances

Minimum essential coverage Under the Affordable Care Act, virtually every legal U.S. resident will be required to obtain coverage or pay a tax penalty. Learn what qualifies as coverage and the potential tax penalties. Read more  

 

Penalties for no minimum essential coverage The tax penalty for individuals and families not complying with the law will increase each year based on the greater amount: a rising annual flat dollar charge or percentage of annual household  income. Read more

 

Funding the Affordable Care Act How Affordable Care Act funding could lead to higher costs for consumers. Read more 

 

Fees provide some funding for the ACA The Congressional Budget Office predicts the Affordable Care Act will cost on average $100 billion a year over the next 10 years. Fees will cover some costs, but employers and consumers likely to pay more as cost increases get passed along. Read more

 

Actuarial value and minimum value defined These two important terms are frequently and imprecisely used interchangeably in discussions about the Affordable Care Act. Learn the difference between them and be in the know. Read more

 

Flexible Spending Accounts The maximum amount you can contribute to your flexible spending account in 2013 has changed. Read more

 

New cost-sharing limits on non-grandfathered health plans Beginning in 2014, health plans must limit the amount consumers pay out-of-pocket for essential health benefits. Learn what the new limits are and what will count toward out-of-pocket maximum. Read more

 

Potential threat to retiree drug subsidy (RDS) The Affordable Care Act is eliminating the tax deduction that employers have been able to take by providing retiree drug subsidies. Read more 



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