Tehachapi's Online Community News & Entertainment Guide
Tehachapi's Online Community News & Entertainment Guide
Sorted by date Results 1 - 10 of 10
Affordable Care Act (Obamacare) Let’s begin with changes under Obamacare. The Internal Revenue Service has 5 tax forms as part of your federal tax return. Some of you will receive a Form 1095 (do not throw this away, we will need the information to prepare your 2016 federal tax return). If you have not received a Form 1095, we are required to ask you several questions about your health care coverage to help you avoid penalties and comply with the new federal requirements. This additional work we...
Open enrollment for the Affordability Care Act (ACA) or, as it is more popularly known, Obamacare, continues until Feb. 1, 2016. But since we’ve passed Dec.15, any changes you want to make now will start Feb.1. That said, though, there are a few things I’ve learned that I’d like to pass on to you. The first, although it’s quite self-serving, don’t take this on by yourself. Find a qualified agent or broker to take it on for you. There are some real subtleties that can cause you to be required...
We’re three weeks into the open enrollment for the Affordability Care Act (ACA) or, as it is more popularly known, Obamacare. There are a few things I’ve learned that I’d like to pass on to you. The first, although it’s quite self-serving, don’t take this on by yourself. Find a qualified agent or broker to take it on for you. There are some real subtleties that may require you to call Covered CA, and unless you know the “how and when” of that experience, you can literally spend hours on hold...
The Affordable Care Act (ACA) requires all U.S. residents to obtain health care insurance by January 1, 2014 or face possible penalties. You must (a) maintain existing health insurance coverage which meets ACA standards, or (b) buy a plan that meets ACA standards, or (c) pay a tax for failure to have the required coverage. The penalties help pay for health insurance for those who can’t afford it. The IRS currently cannot make you pay the penalties, they can only reduce your tax refunds by the amount of the penalty (hence many people are reducin...
In lieu of retirement, Duane Moats, CPA has decided to merge DR Moats and Company with D. David Hebebrand CPA. The new firm will be Moats & Hebebrand CPAs and will be located at 212 West F Street (where Duane Moats has maintained his CPA practice since 2000). David Hebebrand has been a licensed CPA for 29 years, has lived in Tehachapi for 11 years, and recently sold his CPA practice in Porterville, Calif. as he was tired of the 90-mile-one-way drive to Porterville. Duane is looking to reduce his work load and Dave is looking for additional tax...
When is a small business group health insurance benefit not a benefit at all? I had a recent small business client who believed he was giving his employees a very good benefit. He paid 50% of his employee’s health insurance tab, as well as, giving them two different carriers from which to choose. As is usual, he also made those plans available to his employees’ spouses and children, but for financial reasons, wasn’t contributing to their insurance costs at all. This is the normal way the benef...
Sue Wonacott, with the Marty Pay Insurance Agency, is an Authorized Independent Anthem Blue Cross agent, but is also appointed with other carriers such as Health Net, Aetna and United Healthcare and AARP. She specializes in all Medicare products including Medicare Advantage plans, Medicare supplements, and Part D stand alone prescription drug plans. She also sells health insurance, on and off the marketplace including medical, dental and vision plans as well as life insurance including term, whole life and long term care. Sue is a Certified...
The only Open Enrollment Period for 2015 Covered California health insurance plans is just around the corner. It starts Saturday, November 15, 2014 and ends February 15, 2015. All plans, written after March 10,2010 are Obamacare or Affordable Care Act compliant. Covered California is a part of the state of California and was created to help you get health coverage to protect yourself and your loved ones. Having insurance can ensure your access to medical care if you get sick or are injured, so...
I don’t know anyone who likes a deadline, yet like it or not, one looms just a month away – March 31 is the last day of the Affordability Care Act (ObamaCare) open enrollment. It’s also the last day for those of you who aren’t currently covered by health insurance to avoid an IRS penalty, but those facts are negative Let’s take a look at the positive. If you currently have no health insurance, for the next month you’ll be able to get health insurance without concern for pre-existing conditions...
Over the last few months, I’ve been concentrating on ObamaCare. Remember now, enroll by the March 31, 2014 deadline and avoid the IRS penalty. That said, it’s time to talk about another important protection, one not often discussed even between family and friends, and yet one that needs to be discussed often and with people who know about it - Life Insurance. If you were to die tomorrow, or suffer a devastating disability, would anyone you love suffer financially? If so, and if preventing this suffering is important to you, we can help. Com...
