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Wednesday, April 19, 2017

saukvalley : declared in April 18: Deadline for taxes, and health insurance fines

Your federal income taxes are due today and, likely for several million people, so is a fine for failing to get health insurance. If you bought your own insurance from the federal or a state health insurance exchange and you got a federal tax credit to help pay for that coverage, you also have to take a step before you can file your taxes. Nearly 13 million tax filers claimed an exemption for 2015 taxes, according to the IRS. The maximum fine is $2,676; that is the national average cost of a "bronze" level insurance plan available on the health exchanges. Last year, said the IRS, an estimated 6.5 million tax filers paid a fine that averaged $470.


Alderman wants to cut health insurance benefits for council

GREEN BAY, Wis. (WFRV) - A Green Bay alderman says it's time to eliminate health benefits for City Council members. For decades Green Bay alderman have been offered health insurance benefits. "Lots of private sectors don't offer health insurance to part-time employees. Three aldermen are taking health insurance in 2017 splitting the costs of the premium with the city. Now Joe Moore is proposing to end the practice for new City Council members elected in the spring of 2018, while allowing current members taking insurance to be grandfathered in.

Minnesota Premium Subsidy Program cuts health insurance premiums by 25%
The Premium Subsidy Program is managed by the state's health insurers on behalf of the state. Minneapolis, Minnesota--Photo via Doug KerrMost Minnesotans who buy health insurance on their own are now paying 25 percent less in monthly premiums, thanks to the Premium Subsidy Program law recently passed by the state's legislature. Those who buy health insurance on their own do not have to do anything to get the discount; the health insurer automatically includes it for people who are eligible. Rules for administering the program were developed by Minnesota Management and Budget, and reviews will be completed by the state's legislative auditor. Throughout 2017, the state is picking up 25 percent of the premium for eligible Minnesotans.


collected by :Lucy William

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