The Supreme Court ruled in favor of the Obama Administration in the controversial King vs. Burwell court case. The 6-3 decision confirms that the Affordable Care Act allows for tax subsidies to flow through both state-based marketplaces as well as the federally organized health insurance exchange. While the political implications are significant, this ruling should […]
Though New York is unaffected, yet another ruling that affirms enrollees in the Federal Exchange cannot receive subsidies. A federal judge in Oklahoma has ruled that Obamacare subsidies cannot go to residents of states that are not running their own insurance exchanges, a second blow to the Obama administration on a issue that threatens a […]
If you got health coverage through President Barack Obama’s law this year, you’ll need a new form from your insurance exchange before you can file your tax return next spring. Some tax professionals are worried that federal and state insurance marketplaces won’t be able to get those forms out in time, creating the risk of […]