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The Deadline Changes for Enrollment in Covered CA and Obamacare

Posted on: April 9, 2014 By: Kevin Tavakoli

The deadline to get health insurance on March 31 has come and gone with many still trying to get a policy. Millions of people tried to access the websites for Obamacare and Covered CA, resulting in many not being able to enroll. The federal administration anticipated the server overload and has extended the deadline for getting coverage until April 15, although it is possible another extension will be added. Anyone who is trying to enroll can check a box that says they tried to get insurance online, but were unable to, qualifying them for the extension.

Covered CA is operating on the same premise that users were unable to get onto the website by the end of the day on March 31, and has created the same extension. California residents have until April 15 to contact a representative at a Covered California Service Center or a certified enrollment counselor to talk about their difficulties and get the extension.

Both the federal government and California state officials were aware that accessing the sites could get difficult, and created the extension as a result.

For help with getting a deadline extension for Covered CA, contact Save-On Health Insurance Services in Los Angeles today!

How Obamacare Defines a Small Business for Insurance Plans

Posted on: January 8, 2014 By: Kevin Tavakoli

Obamacare, otherwise known as the Affordable Care Act, created new rules for defining what exactly is a small business for purposes of insurance. It’s a little confusing because there is more than one definition in the act. Following is a breakdown of the differences that affect businesses of different sizes:

  • A business with fewer than 50 full-time equivalent employees are considered to be a small business for the purposes of the act. A full-time equivalent employee can consist of four employees working 10 hours a week each for a total of 40 hours. In essence, a business can have 100 employees, but if the sum total hours are less than 2,000 man-hours a week, the business is considered to be a small business.
  • Businesses with less than 25 full-time equivalent employees making yearly wages of less than $50,000, and providing health insurance, may be able to qualify for a health insurance tax credit of up to 35 percent, and up to 50 percent in 2014. In order to determine the average yearly wage, the sum total wages need to be added together, then divided by the amount of employees. 

Are you in the Los Angeles, California area and need an insurance policy for a specific need? Contact Save-On Health Insurance Services, Inc. today to speak to an agent!

Obamacare Penalties Explained

Posted on: January 3, 2014 By: Kevin Tavakoli

If you’re considering whether to get health insurance for the 2014 tax year, understanding the potential penalties can help you make an informed decision. Obamacare has tied having health insurance to your tax bill, but the specifics depend on your circumstances.

In 2014, employers with more than 50 employees are required by law to provide health insurance to all employees or face a penalty of $2000 per employee if even a single employee buys insurance through the exchanges. If you do offer employee insurance, you can be fined a penalty of $3000 for every employee who gets insurance through the exchanges using government subsidies or a penalty of $2000 for every employee in your company, whichever is smaller.

Individuals will also have to obtain insurance, even if their employer doesn’t cover it or if they are self-employed. The penalty for the first year if you don’t have health insurance will be $95, which will be due with your 2014 taxes on April 15, 2015.

Save-On Health Insurance Services in Los Angeles can help you find insurance that suits your needs, whether you are looking for individual coverage or group coverage from companies such as Anthem Blue Cross, Blue Shield, or UnitedHealth Group.