Help prepare clients for the ACA’s side effects

Help prepare clients for the ACA’s side effects

In addition to health-care reform, the Affordable Care Act (ACA) will have an impact on clients’ investments, as they plan to cover health costs and prepare for the possibility of new tax liabilities. Chris Hennessey reviews the top concerns about the ACA for all types of clients. Surtax may hit high earners The ACA established

A look at the future of health-care reform

A look at the future of health-care reform

Mid-term elections, tort reform, and other policy pressures may alter the way the Affordable Care Act delivers on the promise of health-care reform in the future, but the law will likely remain largely intact. Chris Hennessey discusses several changes that some advocates are proposing. Letting the consumer decide what to buy. The law now requires

Four reasons why advisors need to understand the ACA

Four reasons why advisors need to understand the ACA

There is one certainty about the new health-care reform legislation: Clients want to know how it will affect their financial planning. As Chris Hennessey points out in the video, it is important to understand the implications of the Affordable Care Act (ACA) for all phases of financial planning, such as: 1. Many clients are confused

Employer health insurance mandate delayed

Employer health insurance mandate delayed

An important decision by the Obama administration may prompt questions from clients. Business owners last week received a one-year reprieve on a requirement by the federal health-care reform law for employers to provide health insurance for full-time employees. The Administration moved the effective date of this requirement to 2015 from 2014, in response to business

Health-insurance mandate includes businesses

Health-insurance mandate includes businesses

Beginning in 2014, businesses with more than 50 full-time employees will be required to provide health insurance coverage or face a penalty, as the federal health-care reform legislation continues to be implemented. Some businesses already offering health insurance may also face a penalty if the coverage does not meet certain thresholds outlined in the law.

Five ways to lessen health-care tax bite

Five ways to lessen health-care tax bite

Health-care reform legislation introduced a payroll tax increase and a new Medicare surtax this year. While the rise in payroll tax was automatic for taxpayers with a specific income level, the 3.8% investment surtax does not apply to all forms of income. There are several types of income that are not affected by the tax

Health-care taxes take effect

Health-care taxes take effect

New taxes took effect this year as a result of the 2010 health-care reform legislation that may have an impact on tax-planning strategies. As of January, the Medicare payroll tax increased to 2.35% from 1.45%. In addition, a 3.8% surtax on “net investment income” was also introduced to help fund health-care reform. Both taxes affect