I hope February is finding you in good health. As you may have heard, Open Enrollment has recently come to a close. If you missed the ACA’s Third Sign-Up Period, you may still be eligible for Special Enrollment. Give Davenport & Associates a call today for more information. We are ready to guide you towards the right policies for you, and look forward to hearing from you!
Obamacare hits 12.7M customers for 2016, HHS reports
HealthCare.gov CEO Kevin Counihan singled out Las Vegas, Yuma, Arizona, and several towns in Texas as places where enrollment grew rapidly. He also said people seemed to be aware of the “individual mandate” tax for shirking insurance. That penalty starts at about $700 for 2016.
Do You Own A Family Business?
Watch this video about how insurance can help prevent family disputes in the future.
New law overturns 2006 IRS ruling; improves VEBA Death Benefits
The Protecting Americans from Tax Hikes (PATH) Act, which was enacted effective December 18, 2015, includes an amendment to Section 105(j) of the Internal Revenue Code that prevents the forfeiture of death benefits by allowing the taxable reimbursement of medical expenses for designated beneficiaries such as adult children, siblings, parents and others.