If you’re about to tie the knot, do you know how a change in marital status could affect the credit you got toward health insurance when you were single? You could end up having to repay a big chunk of the money. Here’s the question and an answer that lays out the way the IRS […]
Some lawmakers are challenging the Cuomo administration’s push for a $69 million annual tax to fund the state’s health exchange, wondering how the state spends the more than $5 billion in annual health care related taxes it already collects. The Republican-led State Senate eliminated the proposed tax from its one-house budget. Cuomo set up the […]
Small employers are facing an unexpectedly onerous task: tallying their individual employees’ monthly health-care costs. Starting in 2016, under the Affordable Care Act, employers with 50 or more full-time workers are required to file new tax forms laying out what individual employees are being charged for their employer-sponsored plans. The Internal Revenue Service released the […]
About two million New Yorkers have signed up for insurance under the Affordable Care Act, with three out of every four of them poor enough to qualify for Medicaid, according to figures released Wednesday by the Cuomo administration. While Gov. Andrew M. Cuomo heralded the overall numbers as a sign of the success of the […]
In New York, premiums for employer-sponsored family plans have slowed since the passage of the Affordable Care Act, but premiums and deductibles now eat up a larger share of employees’ incomes, according to a Commonwealth Fund report released Thursday. Premiums for family coverage in the state grew 6% annually from 2010 to 2013, down from […]
U.S. health care spending grew 3.6% in 2013, capping a five-year stretch of historically low growth, the Centers for Medicare and Medicaid Services said in December. That’s good news for health care payers, but is the slowdown — which was the smallest increase since 1960 — sustainable? What we’re seeing is “a slowing down of […]