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Obamacare Brings Tax Changes in 2013

The Patient Protection and Affordable Care Act (PPACA), often referred to as Obamacare, is being implemented in stages, and some of the changes as a result of the 2010 law are being introduced in 2013. Some of the changes that are coming as a result of the PPACA could very well affect your tax bill. Here are some of the changes you might see as a result of Obamacare, starting 2013: Change to the Healthcare Deduction Limit Right now, if your out of pocket healthcare expenses are more than 7.5% of your AGI, you are allowed to deduct the amount

4 Tips for Choosing the Best Health Insurance for You

One of the most important choices you make when it comes to protecting your family’s health is your insurance plan. Your health insurance plays a big role in how healthy you are, and whether or not you feel as though you can get the treatment you need. As you choose your health plan, make sure that you consider your options carefully. Comparison shop, and read the terms of health insurance coverage. You want to choose the best health insurance for you: 1. Anticipate Coverage Needs While you can’t predict what’s going to happen with your health — and you certainly

What Is Open Enrollment? And Why Should You Pay Attention?

It’s autumn. The leaves are turning, stores are (already) putting out Christmas decorations, and it’s open enrollment time at many companies. Open enrollment is a yearly rite for companies and their health insurance plans. This is because American consumers don’t get the chance to switch up their coverage very often. Once a year, you review your health plan and, if you want to make a change, you are allowed to. Paying attention at open enrollment time can set the tone for your entire year as far as health insurance is concerned. It’s vital that you pay attention to what is

Health Insurance In An Obama Administration – Is it Working?

We’ve heard a ton about Barack Obama’s health care reform that was meant to help the millions of Americans that lacked private health care insurance. The fact is that prior to Obama taking office, the proportion of Americans that have access to health care insurance had declined for 10 straight years. No matter what you think about Obama;s plan, I hope we all agree that such declines were a very bad sign for Americans. Last year, for the first time in over a decade, both the number and proportion of Americans without health insurance declined. There are now 48.6 million

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