2013 Health Insurance Subsidy Income Guidelines
Health Insurance Subsidy Income Guidelines
Comrade Financial Group has helped many individuals and families in the Maryland, Washington D.C. and Virginia are obtain Health Insurance with and without subsidies. It is important to remember that this subsidy is an advanced tax credit to help with the monthly premium and not a gift. The amount of help depends on your tax filing status and MAGI which is Modified Gross Adjusted Income. See the chart below for income guidelines to see if you fall into the Federal FPL guidelines.
Each year when you complete your tax return, your income is calculated and if you have had insurance for more than 9 months you will not have to pay the ACA penalty. If you have not, there are penalties that increase for the next 3 years, unless the ACA gets repealed. Based on that income your subsidy could increase or decrease. For more information please call us.
Thank you
Jack Fleming – Insurance Broker
Making the Local News!
Quick post to spread the word and thank Jenny Chen for using my Quotes!
Here is her Article the Town Courier which is a local publication for residents in Gaithersburg and Kentlands area of Maryland.
What Do Kentlands Residents Need to Know About Obamacare? by Jenny Chen
About our Insurance Agency
We put together a quick video telling the world a little bit about why we started, what we do and why we do it. Enjoy and share with your friends. Thanks
Health Insurance Options
Comrade Financial Group put together this brief video going over changes for Health Insurance under the Affordable Care Act for residents in Maryland, DC and Virginia.
Open Enrollment Confusion
Most people are unaware that yes Obamacare or Affordable Care Act open enrollment starts on October 1st with effective dates of Jan 1, 2012. That is for individuals and family plans. The Small Business open enrollment will start Jan 1,2014 with effective date of Mar 31, 2012. The majority of the people still don’t have a clue about their current plans and if they will continue through that start of ACA implementation. If your current plan was in place prior to Mar 1, 2010 your plan could be grandfathered but please check to see if the benefit level is increasing to match the new required Essential Health Benefits. If not, then your plan is on the old system of doing things. Please check with a knowledgable broker on the subject if you are unclear.
All about Life Insurance
All about Life Insurance
Comrade Financial Group can offer you quotes in all 50 States for Term Life Insurance. All you have to do is go to the Term Life Quote section and fill in your information and it is that simple. You can obtain the quote for 10,15,20,30 or even longer. Term Insurance is the purest form of Insurance. You, the insured will pay a premium and the Insurance company will provide a death benefit. The older you get, the more expensive it is. So if you are in your 20’s or 30’s, that is the best time to get a 20 or 30 yr term policy. If you are single, then list your parents as beneficiaries. When you get married and have children, then you can change it with a simple form. There are many types of Life Insurance but Term is the cheapest and purest form of Insurance. Many will tell you that it meant a world of difference because a deceased person took the time and effort to get adequate Term coverage. Think about the people that will miss you when you are gone and those are the ones that will share the burden and cost that Life Insurance is there to absorb. Take the time and get a free quote. Thank You
Jack Fleming Insurance Broker
