In spite of Trump’s announcement last month that “Obamacare is finished, it’s dead, it’s gone,” it’s not gone. Nearly everyone is still required by law to carry health insurance. That requirement is called the Individual Mandate and it was included in the Affordable Care Act. The IRS recently announced […]
Did you go without health insurance for all or part of 2015? Maybe you’re exempt, meaning you don’t have to carry health insurance. If you aren’t sure, here’s an IRS exemption eligibility tool that can help! Not that we want people to go without health […]
Even though HEAL California would vastly prefer a Medicare for All-type system, we want to help everyone understand how the Affordable Care Act plays in to their income taxes. We’ve talked about Form 1095 Alphabet Soup which not only proves to the IRS that you had health […]
So, you didn’t have insurance and none of the exemptions to the individual mandate apply to you? You may be subject to a financial penalty. And the fines keep going up every year. For example, the fines in 2015 are about double what they were in 2014, […]
Why on Earth do we need more IRS forms? Great question! It’s because most Americans have a mandate to obtain health insurance imposed by the Affordable Care Act (ACA). Failure to comply means you might get penalized, so it’s important to have a way to […]
