H&R Block Says Tax Time Is Opportunity For Health Insurance Planning
The tax preparer is offering customers advice and estimates about what their insurance costs might be once changes kick in in 2014.
Los Angeles Times: Tax Help Comes With Health Insurance Advice
Derrick Bean filed his income taxes at an H&R Block office in Los Angeles this month, and the 26-year-old left with something unexpected: a price quote on federally subsidized health insurance. Using the information from his 2012 return, a tax advisor told the actor and waiter that he would qualify for significant government help and pay only about $65 a month in premiums under the federal healthcare law. If he skips coverage, H&R Block warned him, he faces a $95 tax penalty next year and $356 the following year (Terhune, 2/11).
Earlier KHN Coverage: Not Too Early To Plan For Health Taxes, H&R Block Says (Hancock, 1/14).This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.