Category Archives: Affordable care act

Could the U.S. Supreme Court Halt ACA Progress?

Could the U.S. Supreme Court Halt ACA ProgressIt’s no secret that the Affordable Care Act (ACA), also referred to as Obamacare, has been a controversial subject for both businesses and individuals throughout the U.S. Just last month we mentioned how some Tennessee Small Businesses are still struggling with adapting to the ACA. At Barnes Insurance Agency, we do our best to provide the most help possible navigating the complicated details of complying with Tennessee ACA Regulations. However, when the U.S. Supreme Court starts making changes, that’s when things can get a bit tricky!

If you’re not familiar with the case of King v. Burwell, Virginia …

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ACA Still A Struggle For Tennessee Small Businesses

ACA Still A Struggle For Tennessee Small BusinessesMany Tennessee small business owners are among the millions of businesses nationwide that have not yet had to adapt to the complex Affordable Care Act (ACA). While the federal government has been encouraging small business owners to buy into the new healthcare system ever since the ACA went into effect, many business owners instead took advantage of provisions that allowed them to keep offering employees existing healthcare insurance policies. There are currently two types primary ways that Tennessee business owners are able to opt-out of the ACA standards, “grandfathered” healthcare plans and “grandmothered” healthcare insurance programs.

The Affordable Care Act …

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ACA Penalties Rise for Uninsured Americans

ACA Penalties Rise for Uninsured Americans

Millions of Americans are still struggling to understand and obtain the right healthcare coverage to be in compliance with the Affordable Care Act (ACA). After dozens of technical setbacks, national sign-ups have reached roughly 10 million, which is higher than the 9.1 million goal set for this year by the administration. Yet still over ten percent of the population has yet to register for healthcare insurance, and they will soon be facing ACA penalties for noncompliance. 

If you are one of the millions of Americans who missed the February 15 deadline to buy health insurance for 2015 through Affordable Care

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2015 Healthcare Insurance Enrollment Deadline Approaches

2015 Healthcare Insurance Enrollment Deadline Approaches 2015 Healthcare Insurance Enrollment Deadline Approaches

As you are probably aware, the deadline for 2015 open enrollment and re-enrollment in health insurance plans secured through the federally and state funded healthcare exchange ends February 15th. This is an important deadline because it marks the official cut off for individuals to secure independent health insurance coverage for themselves and their dependents for the entire year. After February 15th, individuals will not be able to buy a policy this year unless they have extenuating circumstances, for example a major life change. Individuals who fail to enroll by February …

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Will the ACA Affect Your Taxes This Year?

Will the ACA Affect Your Taxes This Year? Will the ACA Affect Your Taxes This Year?

Tax season is drawing near and as you ready your W2 forms, 1099s, receipts and other documents it is important to remember that there is an additional box you will have to check this year that when filling out your tax forms.  This year, in addition to declaring income, deductions, charitable donations and other financial data American taxpayers will be required to report their health insurance coverage in compliance with the Affordable Care Act (ACA). Depending on your healthcare overage and status, the ACA reporting can be either a benefit, a nuisance …

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TN Healthcare Reform Assistance: Enrollment Deadline Extended

Healthcare Reform Assistance March 31st Enrollment Deadline ExtendedHealthcare Reform Assistance: March 31st Enrollment Deadline  Extended

On March 25th it was announced that the Obama Administration would be granting extra time to Americans who said they were unable to enroll in health care plans through the federal insurance marketplace by the March 31st deadline. This is good news for many individuals who still need healthcare reform assistance; people who have begun to apply for coverage on HealthCare.gov but for one reason or another have had trouble getting signed up.

So, all consumers who had begun to apply on HealthCare.gov, but who did not finish by the …

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A Look at the Economic Effects of the Tennessee Healthcare Reform

A Look at the Economic Effects of the Tennessee Healthcare ReformA Look at the Economic Effects of the Tennessee Healthcare Reform

In early 2014, we discussed what exactly the Implications of the Healthcare Reform, also called the Affordable Care Act or Obamacare, were for both employers and individuals who may be employed part-time or are unemployed. Individuals and employers alike are still questioning the benefits of the Healthcare Reform, but some employers, especially those that own or run small businesses, are seeing economic benefits.

Experts believe that the current health care system is not working well for small businesses or their workers. They also concede that small businesses are …

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