A number of years ago, we authored this article explaining why higher income parents may be well served to gift appreciated investments to their children and then have the children use the proceeds to pay for college. The article further explained how taxpayers who faced alternative minimum tax (AMT) received no tax benefit from [...]
An estimated 20 million Americans do not have access to Medicare, Medicaid, or employer provided insurance and will be left to purchase their own health insurance in 2019. If you’re among that 20 million, the news is relatively good. In most states, premiums next year will be relatively flat (or even down in some states), [...]
Parents generally believe that the longer they can claim their children as dependents, the more tax savings they will accrue. This is a misleading fallacy for most high-income families. The reality is that most parents with more than $200,000 of annual income get zero tax benefit from their children and may continue to get limited [...]
Like it or not, the Affordable Care Act will again rule the health insurance marketplace in 2018 regardless of what happens in Congress with tax legislation or whether the individual mandate holds up over the coming weeks. Also like it or not, there has been a dramatic increase in insurance premiums from the onset of [...]
Many Americans are conditioned to treat employer-provided health insurance as an entitlement. This long-standing attitude stems from a system that, for decades, has precluded a large segment of the population from finding reasonably priced health insurance on their own. Anyone with a previous victory over cancer or a child with diabetes likely knows from experience [...]
It is estimated that nearly 26 million Americans will be eligible for some form of health insurance subsidy starting in 2014 under the Affordable Care Act. For individuals and families with incomes well in excess of 4x the federal poverty line, these subsidies will be a non-event. However, there are several situations where the subsidies [...]
Despite significant technology glitches, the new health insurance exchanges are open to the public and many Americans are now faced with the challenge of making heads or tails of the options. In addition to a plethora of choices, consumers are confronted with the interaction of federal subsidies which impacts the decision and can create planning [...]
For many individuals under the age of 65, the world of health insurance is about to become significantly more complex. On October 1, the new health insurance exchanges, a result of the Affordable Care Act (ACA or “Obamacare”), will publish available plans and pricing. On January 1, 2014, barring any last minute changes, the Affordable [...]
