Posts Tagged ‘health and wellness’

Kelley-Jensen2

Top 5 Lessons Learned for Covered California’s Second Enrollment

Top 5 Lessons Learned for Covered CA’s 2nd Enrollment

We are on the eve of Covered CA’s 2nd open enrollment period, consumers be ready. Here is a list of the top 5 lessons learned from the first open enrollment period that will help those that need to buy health insurance during the 2nd open enrollment:covered-ca-head-banging-guy

No. 1) Use an agent. You will need one.

I realize that sounds like a shameless plug, but the facts from Covered CA’s first enrollment strongly back up the value of certified agents, so much so that Covered CA is redoing its marketing plan to notify consumers of agents available in their area, via storefront, internet or telephone.

Health Insurance Subsidy on Form 1040

Kelley-Jensen2Health Insurance Subsidy on Form 1040 Much has been written about the premium tax credit or subsidies available to those that qualify.  Here are the most important things to know about the credit, including how it will probably look the first year it will be reported on form 1040, your federal income tax return. 1)    You must file a tax return to claim the credit.  A form 1040, not a form 1040NR (non-resident, sometimes filed using a PTIN). 2)    You cannot claim the credit if your filing status is married filing separately. 3)    You cannot be listed as a dependent on a tax return and claim the credit. 4)    You cannot claim the credit if you or your spouse is provided affordable coverage at work.  This means that if one taxpayer has affordable insurance at work , the entire family is not eligible for the credit, even if it is not affordable for the entire family.  (IRC §1.36B-2). 5)     The credit is NOT based on income reported on your paycheck or W-2, it is based on the adjusted gross income reported on your tax return, modified for any tax exempt income.  Click here for an example of a 2012 form 1040 to see where the number is on your tax return (pg1), (pg2). 6)    If you are self-employed, your health insurance deduction (see a sample 2012 form 1040 here) must be taken into account when estimating your AGI, be sure to ask a tax advisor about this. 7)    If your AGI will be different this year, or if it is too hard for you to estimate, you can take the credit when you file your tax return instead of monthly against premiums, or you can report changes in estimates as the year progresses. 8)    Click HERE for a chart of the income levels that qualify for the credit. 9)    For income tax purposes, a credit is better than a deduction.  A credit is a dollar for dollar reduction in your taxes, a deduction reduces your taxable income.  The premium tax credit you received as part of Obamacare is a big savings to your tax bill, but can only be taken to pay health insurance premiums. 10) If you have large health care expenses, those may be deductible, in addition to the credit, if you itemize your deductions.  Make it a habit to keep track of money you spend on health care and bring that information to a tax adviser. Lastly, the IRS will know if you have taken the credit to pay for health insurance premiums because the exchange will be reporting that information to both you and the IRS.  So, do not apply for the credit, use it to pay premiums and then not file a tax return. When the IRS receives a report about items of income, credits or deductions, they match it against the tax return filed.  When items do not match, they are sometimes flagged for follow up questions or audit, or sometimes the IRS will just issue a bill for differences. In cases where no tax return has been filed, the IRS will file one for you, in their favor.  Once they do that, it is up to the taxpayer to file an amended return and pay any penalties for late filing.  If you have never filed a tax return before, but would like to start for health insurance, consult a tax adviser or tax preparation service.

More About Lung Cancer


November is Lung Cancer Awareness Month, and a perfect time to quit smoking.  It is also a perfect time to learn:  here are 25 things that you did not know about lung cancer.

  1.  Lung cancer is the second most common cancer in both men and women, aside from skin cancer in both, prostate cancer in men, and breast cancer in women.
  2. Lung cancer is the cancer that kills.  Each year, more people die from lung cancer than colon, breast and prostate cancers combined.
  3. Smokers are not the only ones at risk for developing lung cancer, but the risk is MUCH higher in smokers.

Dwight Clark Invites you to the Great American Smokeout

 

November is Lung Cancer Awareness Month, and a perfect time to quit smoking.  This November, Dwight Clark invites you to participate in the Great American Smokeout and quit smoking for good.

What is the Great American Smokeout?

The Great American Smokeout is a nation wide event sponsored by the American Cancer Society.  It has been going on for the last 37 years, on the third Thursday of November, and the goal of the event is to use the date to stop smoking.

Why is it so hard to quit smoking?

Dwight Clark Says “GO GIANTS”!

 

 

It is October 2012, Breast Cancer Awareness Month, but today Dwight Clark wants congratulate the San Francisco Giants on their pennant victory against the Saint Louis Cardinals.  Now it is off to the World Series where the SF Giants face the Detroit Tigers.  GO GIANTS!!

And, here is some things you might not know but will learn in our blogs:

  1. Auditory processing  is very common in children, what are the symptoms?
  2. Whether you call yourself a free-lancer, an independent contractor, or consultant, you have self employed health insurance   to think about.

Real Men STILL Wear Pink – Breast Cancer Awareness and Obamacare

 

It is October 2012, Breast Cancer Awareness Month  , and a chance to highlight a fact of Obamacare  that might not be known to millions of women:  Women’s preventive care, INCLUDING mammograms, must be offered to all women over 40 with no cost sharing.  That means that whatever health plan you have covers a mammogram over the age of 40,  at no out of pocket costs to you.  No copay.  No payment because you have not met your deductible.  No cost sharing at all .  There is officially no excuse:  GET YOUR MAMMOGRAM!

 

Real Men STILL Wear Pink –Breast Cancer Awareness Month 2012

October 2012, and  Dwight kicks off our annual support of October’s Breast Cancer Awareness Month by wearing pink and reminding everyone to remind the women that they love to get screened for breast cancer.  Real men, even football players, wear pink .

For more information on women’s health, check out our blogs.

1)    Getting screened for breast cancer regularly.  Screenings for breast cancer are mammograms, clinical breast exams (those performed by a doctor or nurse), and breast self exams.

Work with the Pros – Week 5 –Wellness Wins

Dwight Clark wants you to be well. He wants your coworkers to get well. This week we hear ideas and learn about ways employers educate, promote and support workplace wellness, as well as maintaining motivation and interest. And, as it is the month of October, Real Men Wear Pink.

Filice team members Michelle Montoya and Sheree Belardes help educate, promote and support wellness throughout Silicon Valley Companies, including their own company, Filice Insurance. Filice just ranked 10th in a contest sponsored by both the Silicon Valley Business Journal and the San Francisco Business Times to rank the Healthiest Employers in the Bay Area, divided into four different sized categories: small, midsized, large and largest employers. The ranking was based on six categories: culture and leadership commitment, foundational components, strategic planning, communication and marketing, programs and interventions.

Powered by WordPress