Residents of Pennsylvania and Delaware who depend on federal subsidies for affordable health insurance have a reason to celebrate. As of Monday, the federal government has approved contingency plans in both states that will allow people to continue receiving subsidies thanks to newly created state-run health insurance marketplaces. The state-run exchanges have been conditionally approved… Continue Reading ›

Earlier this month, government officials with the White House Council of Economic Advisers released a report summarizing the benefits of Medicaid expansion, noting in particular the devastating effects of non-expansion in states that have opted out of the Affordable Care Act’s new provisions. Under the new healthcare law, the income cutoff to qualify for Medicaid… Continue Reading ›

Nearly a month after the close of another tax season, financial analysts and healthcare officials have been crunching the numbers to see how the Affordable Care Act impacted tax season 2015. This was the first year that the ACA affected annual returns. For taxpayers who didn’t sign up for health insurance in 2014, the IRS… Continue Reading ›

Last year, medical debt accounted for the highest percentage of personal bankruptcies in the United States according to a Harvard study. Researchers found that 62 percent of personal bankruptcies resulted from excessive medical expenses, and it wasn’t always the uninsured who suffered the burden of unpaid medical bills. Even people with insurance face financial difficulties… Continue Reading ›