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Facts About The Advanced Premium Tax Credit

11/15/2013

APTC is Advanced Premium Tax Credit. This is the monthly subsidy that the government sends to the insurance companies to reduce premiums. Currently, it is only possible to get this if you apply thru the Marketplace.

www.healthcare.gov
Federally Facilitated Marketplace Enroller #JKINZIE49316@616
National Producer Number #8049289
For HELP, Contact Jeanine.

Jeanine Kinzie is a Licensed Health Insurance Agent, Licensed Life Insurance Agent and a Federally Facilitated Marketplace Enroller from Grand Rapids, Michigan.

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New Paths To Health Insurance - How The Affordable Care Act Will Effect You

10/10/2013

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By Jemal R. Brinson and Ryan Haggerty | Tribune graphics
Key part of Affordable Care Act will make health coverage more widely available.

A key part of the Affordable Care Act takes effect Tuesday, when millions of Americans are expected to begin signing up for new health insurance plans, many of which will be subsidized by the federal government. The policies will be sold by various companies through government-run websites called exchanges or marketplaces, where people can compare plans before choosing their best option. The exchanges were created to offer affordable coverage to people who don’t have insurance or who pay too much for their coverage, with most low-income families qualifying for Medicaid or federal subsidies that will help them pay for their policies.

Most people who have coverage through their jobs will likely keep their current policies, although some may be eligible for policies offered through the exchanges. Insurers selling plans through the exchanges cannot deny coverage or charge more to people with pre-existing medical conditions, and they must cover treatments for those conditions. Many preventive services also will be covered at no cost. About 7 million people are expected to use the exchanges to shop for new policies, with coverage beginning in 2014, according to the Congressional Budget Office. With a few exceptions, people who do not have insurance will face a tax penalty, starting next year at $95 or 1 percent of household income, whichever is greater. Here’s a look at how Americans will access health coverage once the exchanges open, plus information about how implementation of the health care law varies across the states.

SOURCES: Tribune Newspapers reporting, Kaiser Family Foundation, whitehouse.gov, healthcare.gov, University of Illinois at Chicago School of Public Health, Census Bureau, Department of Health and Human Services

Have questions? I can help you navigate through the confusing marketplace. Contact me!
Federally Facilitated Marketplace Enroller #JKINZIE49316@616
National Producer Number #8049289

Jeanine Kinzie is a Licensed Health Insurance Agent, Licensed Life Insurance Agent and a Federally Facilitated Marketplace Enroller from Grand Rapids, Michigan.

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Marketplace Notification Guidelines - Updates On The Affordable Care Act

9/30/2013

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No Coverage Options - DOWNLOAD HERE
Group Coverage Options - DOWNLOAD HERE

It is recommended that you distribute the attached notice above to your employees prior to October 1st. (Future new hires should receive it within 15 days of hire date.) There are no fines for not distributing it prior to October 1st, per the DOL notice dated 09/11/13.

This notice is to inform your employees of the opening of the Federally Facilitated Marketplace and their options to purchase insurance through the Marketplace (formerly called Exchange) which is scheduled to open 10/1/13. We believe the opening may be delayed due to security issues. As of this date, we still do not have plan designs and rates available for quoting the carriers on the Marketplace, so several areas are running behind schedule.

We are registered enrollers for the Marketplace and can assist your employees if they contact us at 888-883-5290 and/or use our FFM Enroller # JKINZIE49316@616 and NPN # 8049289 on their application. The majority of employees will not be eligible for a subsidy, due to the premium assistance they receive from you, their employer. However, spouses and dependents may be eligible for a subsidy, depending on several factors. Part time workers are encouraged to contact us for assistance in purchasing insurance on or off the Marketplace, depending on their situation. Penalties for not having coverage are 1% of adjusted gross income on 2014 taxes, and increase in subsequent years.

We wish to be the point of contact for your employees in order to ensure they have the proper information regarding your plan and contribution. If incorrect information is reported to the Marketplace, your business may be subject to a fine for an employee who received a subsidy. It is easier to prevent a problem than fix it when it comes to fines. The fines are also not tax deductible. This is complicated and ever changing.

Please contact us with any questions or concerns you may have. We are here to help you manage your employee benefits.

Jeanine Kinzie is a Licensed Health Insurance Agent, Licensed Life Insurance Agent and a Federally Facilitated Marketplace Enroller from Grand Rapids, Michigan.

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Facts About The Advanced Premium Tax Credit

New Paths To Health Insurance - How The Affordable Care Act Will Effect You

DOWNLOAD THIS GUIDE HERE

Marketplace Notification Guidelines - Updates On The Affordable Care Act

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