Extra Help/Low Income Subsidy amount for 2023
Published on
September, 23 2022
by Michelle Berney
In 2023, individuals who qualify for full Extra Help (also known as the Low-Income Subsidy Program, LIS) can enroll in a standard Part D plan with a monthly premium of up to $38.90. Individuals with Medicaid and/or a Medicare Savings Program (MSP) are automatically enrolled in Extra Help. Individuals can also apply for Extra Help with [...]
Preparing for Medicare’s Annual Election Period
Published on
August, 16 2022
by Michelle Berney
Each year, from October 15 – December 7, individuals with Medicare can make changes to their Medicare coverage. Plan changes take effect on January 1.Changes can include:Switching from one Part D plan to another Part D plan (for those with Original Medicare) • Switching from one Medicare Advantage plan to another Medicare Advantage plan • Switching [...]
Impact of Inflation Reduction Act on Health Benefits
Published on
August, 16 2022
by Michelle Berney
The Inflation Reduction Act, signed into law on August 16, 2022, contains many healthcare provisions, some of which will take effect in the beginning of 2023:The enhanced subsidies for purchasing a Qualified Health Plan, put in place by the American Rescue Plan Act (ARPA) of 2021, will continue for an additional three years, through 2025. Meaning [...]
It’s not too late to file for the Child Tax Credit
Published on
August, 10 2022
by Leslie Bailey
For families who did not earn enough to file a 2021 tax return there is still time to claim the child tax credit. There's no penalty for filing after the April 18 deadline if a refund is due.Taxpayers are encouraged to use electronic filing options including IRS Free File which is available on IRS.gov through October [...]