Tag Archives: Affordable Care Act

McGrath Insurance Agent Becomes Self-Funding Certified

McGrath Insurance Agent Becomes Self-Funding Certified

Jennifer Krog, Employee Benefits Account Executive at McGrath Insurance Group, Inc., recently became certified through The National Association of Health Underwriters’ (NAHU) new professional development course on self-funded employer health plans. Krog enrolled in the class in order to gain a better understanding of the key technical components of self-funding, and is prepared to counsel her […]

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The Impact of the ACA on Workers’ Compensation

The Impact of the ACA on Workers Compensation

Although there isn’t a direct correlation between the Affordable Care Act (ACA) and workers’ compensation, experts speculate that the health reform will have many indirect ramifications. With the overall goal of making healthcare accessible and affordable to all, the law has the potential to have both a positive and negative impact on the system. Potential […]

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Understand the Tax Implications of the Affordable Care Act Before You Fill Out Your Tax Return

By Richard A. McGrath, CIC, LIA Much attention has been paid to the Affordable Care Act (ACA), aka Obamacare, but little has been written about the new tax forms resulting from the law, even though every taxpayer in America will be affected. The ACA ran to more than 2,000 pages and has thus far produced […]

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Tax Requirements under the ACA’s Individual Mandate

Tax Requirements under the ACA Individual Mandate

Accountants and bookkeepers are gearing up for yet another tax season. This year marks the first year that the Affordable Care Act’s (ACA) individual shared responsibility provision will be enforced. Are you prepared for the new tax requirements when filing your 2014 federal income tax return? The individual mandate states that individuals of all ages […]

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6 Key Points of the ACA Employer Mandate

6 Key Points of the ACA Employer Mandate

It’s the start of the New Year, which means the Affordable Care Act (ACA) employer mandate, delayed from its original date, went into effect as of January 1, 2015. The mandate states that small business owners with 100 or more full-time equivalent employees must be in compliance with ACA employer requirements, or else face penalties. Here are […]

Consumers Faced with Choice on Health Providers

Consumers Faced with Choice on Health Providers

Although unfavorable opinions of the Affordable Care Act (ACA) have increased to 53 percent in the Kaiser Family Foundation’s July Health Tracking Poll, the majority still want Congress to continue to improve upon the law rather than repeal and replace it. Although there have been many good changes to come from the ACA, such as […]

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What’s Next for the Affordable Care Act?

By Megan Cooney, Marketing Assistant Although the first open enrollment period for health insurance through the Marketplace officially closed at midnight on March 31, those who began applications that day will have until April 15 to finish the enrollment process. President Obama announced that over 7.1 million Americans applied for health insurance through the exchange […]

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Get Ready for the Affordable Care Act

By Richard McGrath, CIC, LIA Massachusetts residents may feel some relief that the commonwealth is not among the 36 states participating in the HealthCare.gov federal healthcare exchange. But Massachusetts will have plenty of other challenges as it seeks to comply with the Patient Protection and Affordable Care Act (ACA). The federal exchange opened on Oct. […]

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McGrath Insurance Group Agent Becomes PPACA Certified

STURBRIDGE, Mass. – Jennifer Krog, Life & Related Account Executive at McGrath Insurance Group, Inc., became certified through The National Association of Health Underwriters’ (NAHU) new professional development course on the Patient Protection and Affordable Care Act (PPACA). This continuing education course for agents has been approved in all 50 states, and Krog will receive […]

What You Need to Know About the Affordable Care Act

If you are seeking health insurance through the Health Insurance Marketplace, the enrollment period deadline for coverage starting January 1, 2014 ends on Monday, December 23, 2013. However, the open enrollment period will remain open until March 31, 2014. Individual Mandate Penalty “As of January 1, all United States citizens will be required, on a […]

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