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Guide: Latest on Obamacare

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Will you be able to get good health care when all the new health laws take effect? On this vital subject, passions are running high…and there’s lots of conflicting and inaccurate information being thrown around.

What we all need is an unbiased, clear-headed look at how health care is changing…how we will all be affected by Obamacare and changes to Medicare…and what we must do to protect ourselves. That is what you will find here in the Bottom Line Guide to Obamacare. The situation is changing rapidly, so check this page often!


There Is an Alternative to Obamacare!

Lost Your Job? Cobra vs. Obamacare

New Health Insurance Choices for Young Adults

Do You Work for a Small Business (Or Own One)? What You Need to Know About Obamacare

The Obamacare Marketplace Maze

Clear answers to your questions about the new health insurance plans

Coping with the Obamacare “Kid Glitch”

Do I Have to Pay Tax on Health Insurance Benefits?

Medicare Mistakes: Traps That Can Leave You Without Enough Insurance

3 Myths About the Health-Care Law

Hidden Traps and Loopholes in the Health-Care Law—This Article Could Save You $10,000

What Health Insurance Companies Don’t Want You to Know


ACA scams

Scams Tied to the Affordable Care Act

Crooks posing as federal employees call victims and say that they will soon receive health insurance cards under a provision of the act—but must provide a bank account number and routing number. Another version of the scam claims that new Medicare cards are being mailed out in connection with the law. But the act does not mandate a new insurance card, and no new Medicare cards are being mailed. What to do: Realize that government agencies already have your personal information on file—no one will call and ask you for it. Do not be fooled if your caller-ID shows a call coming from a seemingly legitimate agency—scammers use technology that lets them display any number or name they wish. And never reply to an unsolicited e-mail that supposedly comes from a government agency—they are never legitimate.


The Big Insurance Change Coming for Workers

How to Cut Your Health Insurance Costs Now


Retiree ins

Employer-Provided Retiree Health Insurance Is Fading

Only 25% of employers now provide financial assistance to help retirees under age 65 with medical costs, versus 60% in the 1980s. Many companies that still offer retiree health benefits are giving employees fixed amounts to find policies on their own or are raising co-pays and deductibles. If you plan to retire before age 65: Ask your benefits department what the company offers and what changes are likely before you become eligible for Medicare.


Med deductions

How to Qualify for Tax Deductions on Medical Expenses Despite New Hurdles

Starting this year, most people can deduct medical expenses on federal income taxes only to the extent that the expenses exceed 10% of their adjusted gross income, up from a threshold of 7.5% in prior years. But there are rules that may help you qualify. If either you or your spouse will be 65 or older as of December 31, 2013, the higher threshold will not affect you until 2017. If not, you can try to shift some medical expenses—such as new eyeglasses and dental work—to maximize the total amount in a given year while minimizing it in the next year. (That way you are maximizing the amount that exceeds the 10% threshold.) Also, if you pay medical expenses for a parent who is your dependent (meaning that you pay more than half of his/her support for the year), you can add those medical expenses to your own for itemized deduction purposes. And don’t overlook the fact that medical premiums you pay for long-term care (subject to limits) count as medical costs.



Readers Have Lots of Obamacare Questions. We Have Answers!

‘Obamacare’ Explained: What You Need to Know About Health Exchanges

Health Insurance Marketplaces Will Not Be Required to Verify Consumer Claims

Key Obamacare Rule For Business Delayed For Year

‘I Wish We Had One More Year’: States are Struggling to Launch Obamacare On Time

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Source: AARP.org. MarketWatch.com Date: October 1, 2013 Publication: Bottom Line Personal
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