Park City, Utah (PRWEB) February 27, 2013
Today, Zane Benefits, Inc. published new information on the medical insurance premium tax credit. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer sponsored health benefits, is the leader in defined contribution and health reimbursement arrangements.
According to Zane Benefits website, starting in 2014, individuals and families can take a new medical premium tax credit to help them afford health insurance coverage purchased through a state-based Health Insurance Marketplace. On May 18, 2012, the Treasury Department and the IRS issued final regulations which provide guidance for individuals who enroll in qualified health plans through Exchanges and claim the premium tax credit, and for Exchanges that make qualified health plans available to individuals and employers.
What are the eligibility requirements?
Household income must be between 100% and 400% of the federal poverty level (FPL).
Covered individuals must be enrolled in a qualified health plan through a Health Insurance Marketplace.
Covered individuals must be legally present in the United States and not incarcerated.
Covered individuals must not be eligible for other qualifying coverage, such as Medicare, Medicaid, or affordable employer-sponsored insurance.
How much is the tax credit?
According to Zane Benefits website, the credit amount is generally equal to the difference between the premium for the benchmark plan and the taxpayers expected contribution.
The expected contribution is a specified percentage of the taxpayers household income. The percentage increases as income increases, from 2% of income for families at 100% of the FPL to 9.5% of income for families at 400% of FPL. The benchmark plan is the second-lowest-cost plan that would cover the family at the silver level of coverage.
Are there any special rules?
According to Zane Benefits website, yes. The credit is advanceable (i.e. advance payments are made directly to the insurance company on the familys behalf). The advance payments are then reconciled against the amount of the familys actual premium tax credit, as calculated on the familys federal income tax return.
Click here to read full article.
About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform (“ZaneHRA”) for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to employers and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit http://www.zanebenefits.com.
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Dallas, Texas (PRWEB) December 18, 2012
Dallas Healthcare Debt Collection Agency Debt M.D. was recently highlighted in a D Magazine article for its unique and innovative approach to healthcare debt collections.
The article describes the technology-driven vision Dr. Hubert Fu has for his healthcare collections agency, along with the patient-centered practices he believes will result in better patient-provider relationships and increased ROI for Debt M.D.’s clients.
“We are very excited that one of Dallas’s biggest publications is helping to tell our story,” said Fu, a Dallas anesthesiologist. “The reception and buzz surrounding Debt M.D. in the Dallas/Fort Worth area has been quite noticeable, and we’re extremely pleased with the positive response from the healthcare community.”
The D Magazine article also highlights the fact that Debt M.D. is believed to be the only healthcare collection agency in the U.S. owned and operated by a practicing physician.
“We believe Dr. Fu’s experience as a practicing anesthesiologist and many years in the healthcare industry gives us a tremendous advantage in making healthcare collections,” said Debt M.D. COO Aryn Manning. “He (Dr. Fu) understands the doctor-patient relationship and has seen firsthand the reasons behind people failing to pay their medical bills or falling behind on payments.”
Debt M.D.’s mission and guiding principle was also a major focus of the article.
“Treating people humanely and with respect, we believe, is the only way to successfully get patients to pay their bills,” Dr. Fu said. “People do not plan on going into debt for medical reasons, and when you work with the patient to understand their situation, a reasonable payment solution can usually be found.”
ABOUT DEBT M.D.
Founded by Dr. Hubert Fu, Debt M.D. is a healthcare debt collection agency based in the Dallas/Fort Worth that serves healthcare clients across the U.S.
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Question by : what do u think about the 9/11 health care responders bill? Also why do most republicans opposed it?
What do u think about it? What are the good arguments between pros and cons of 9/11 health care bill? I’m not for both parties though but right-wing do seem to opposed it more than Democrats so why they opposed it?
How does the 9/11 health care bill affect the economy along with the war in Afghanistan/Iraq? So which one worse: spending on military aid or the economy? which one spends more?
Answer by TripleNickel14
Those people are hero’s they deserve support.
Know better? Leave your own answer in the comments!
(Reuters) – U.S. price increases on popular branded drugs in the past year have been more than six times the overall rate of inflation for consumer goods, while spending on specialty medications is up nearly 23 percent, according to data compiled by Express Scripts for its first quarterly drug trend report.
A new report by the OECD warns that Europe’s debt crisis is pushing the euro zone into a new recession. Angel Gurria, sercetary general of the OECD, weighs in.
(Reuters) – Monster Beverage Corp shares sank more than 10 percent for a second straight day on Tuesday as investors expressed concern over potential legal and regulatory fallout from a lawsuit and investigations into five deaths to see if they are linked to the company’s namesake energy drink.
NEW YORK (Reuters Health) – Boys in the United States may be entering puberty earlier than in generations past, a new study has found, suggesting it’s not just girls who are developing at younger ages.
(Reuters) – Cell Therapeutics Inc said U.S. health regulators granted orphan drug status to its brain cancer drug, sending the company’s shares up 26 percent in premarket trading.
(PRWEB) September 21, 2012
COMPLIMENTARY LIVE Webinar: How to Comply With the HITECH Breach Notification Rule
Hosted by Bob Chaput of Clearwater Compliance
WHO SHOULD ATTEND:
Business leaders and managers with responsibility for Risk Management, Corporate Compliance, and HIPAA-HITECH Privacy and Security compliance should attend. CEOs, COOs, CFOs, Chief Compliance Officers, Chief Risk Officers, Chief Privacy Officers, Chief Security Officers, Chief Information Officers.
The information presented in the webinar has been designed to be able to be useful for the largest CEs and BAs (e.g., hospitals, insurors, care management firms, etc) to the smallest CEs and BAs (e.g., small medical practices, clinics, dental offices, medical billing companies etc.). All must comply with the requirements of the HITECH Breach Notification Interim Final Rule.
Thursday, September 27, 2012 11:00 AM CT / 12:00 PM CDT
HOW TO REGISTER:
ABOUT THIS WEBINAR:
This session is offered as a 60-minute webinar using the GoToWebinar platform. The open format encourages questions during and after the session. Attendees will receive the presentation materials.
No matter where you are in your HIPAA-HITECH compliance journey, you will benefit from learning about: