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The James Group Newsletter Vol. 4, Num. 19: Tax Bill "Essentially" Repeal ObamaCare, Reform Bill Repeals Mandate in 2019, Final Approval for Tax Overhaul, No Sweeteners for HSAs, 2 M Children Could Lose Health Coverage

 

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December 21, 2017 

Volume 4, Number 19

In This Issue

Tax Bill “Essentially” Repeals ObamaCare

Reform Bill Repeals Mandate in 2019

Final Approval for Tax Overhaul

No Sweeteners for HSAs

2 Million Children Could Lose Health Coverage in January

TJG On Facebook

Contact Us

The James Group, LLC

This email address is being protected from spambots. You need JavaScript enabled to view it.

Memphis:  901-273-8600

Atlanta:      770-709-7210

This Newsletter is provided for informational purposes only. It is not intended as legal or tax advice, nor does it create an attorney/client relationship between The James Group, LLC and any readers or recipients. Readers should consult counsel of their own choosing to discuss how these matters relate to their individual circumstances. Reproduction in whole or in part is prohibited without the express written consent of The James Group, LLC.

To Unsubscribe, please reply with UNSUBSCRIBE in the Subject line.

The Hill: Trump: GOP Tax Bill 'Essentially' Repeals ObamaCare
Despite Trump’s claim, the tax bill does not repeal ObamaCare entirely. People will still be able to purchase insurance through individual marketplaces, Medicaid expansion is preserved and consumer protections remain in place. But health-care experts worry that without the mandate, premiums in the individual insurance market could spike, competition could decrease and more people will become uninsured. (Fabian, 12/20)

Source: The Hill

Cigna: Reform Bill Includes Repeal of Individual Mandate Beginning in 2019
On Dec. 20, Congress pass the Tax Cuts and Jobs Act, which makes significant changes to individual and corporate provisions of the U.S. tax code, including a reduction in the coporate tax rate to 21%, down from 35%, beginning in 2018. The bill includes permanent effective repeal of the Affordable Care Act (ACA) individual mandate, requiring indidividuals to purchase and maintain health coverage, by zeroing out the penalty beginning in 2019. For 2018, most individuals are still required to maintain coverage or pay a penalty when they file their 2018 federal income tax return. (Cigna, 12/20)

Source: Cigna, Informed on Reform

NY Times: House Gives Final Approval for Tax Overhaul
The House, forced to vote a second time on the $1.5 trillion tax bill, moved swiftly to pass the final verson on Wednesday, clearing the way for President Trump to sign into law the most sweeping tax overhaul in decades. House lawmakers approved the tax bill 224 to 201 on Wednesday. (Kaplan, 12/20)

Source: NY Times

Kaiser: No Sweeteners Added to Tax Bill To Spread Use of Health Savings Account
The GOP tax legislation doesn’t incorporate any changes, said Roy Ramthum, president of HSA Consulting Services. Some analysts say it’s still possible that HSA changes could be attached to other pieces of legistation, such as a spending bill or a bill to extend the Children’s Health Insurance Program. (Andrews, 12/19)

Source: Kaiser

The New York Times: Unless Congress Acts, Nearly 2 Million Children Could Lose Health Coverage In January
If Congress does not renew federal funding for the Children’s Health Insurance Program, also known as CHIP, more than 1.9 million children in 23 states could lose health coverage in January, according to a new analysis by the Georgetown University Health Policy Institute. (Park, 12/20)

Source: The New York Times

__________________________________________________________________

The James Group, LLC is now posting current health insurance news articles on our Facebook page. Type in: The James Group, LLC in your Facebook search box to access our page.  We will keep it simple with one to three articles per week. Also, please “like” our page if you find the article(s) interesting. 

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December 21, 2017 

Volume 4, Number 19

In This Issue

Tax Bill “Essentially” Repeals ObamaCare

Reform Bill Repeals Mandate in 2019

Final Approval for Tax Overhaul

No Sweeteners for HSAs

2 Million Children Could Lose Health Coverage in January

TJG On Facebook

Contact Us

The James Group, LLC

This email address is being protected from spambots. You need JavaScript enabled to view it.

Memphis:  901-273-8600

Atlanta:      770-709-7210

This Newsletter is provided for informational purposes only. It is not intended as legal or tax advice, nor does it create an attorney/client relationship between The James Group, LLC and any readers or recipients. Readers should consult counsel of their own choosing to discuss how these matters relate to their individual circumstances. Reproduction in whole or in part is prohibited without the express written consent of The James Group, LLC.

To Unsubscribe, please reply with UNSUBSCRIBE in the Subject line.

The Hill: Trump: GOP Tax Bill 'essentially' Repeals ObamaCare
Despite Trump’s claim, the tax bill does not repeal ObamaCare entirely. People will still be able to purchase insurance through individual marketplaces, Medicaid expansion is preserved and consumer protections remain in place. But health-care experts worry that without the mandate, premiums in the individual insurance market could spike, competition could decrease and more people will become uninsured. (Fabian, 12/20)

Source: The Hill

Cigna: Reform Bill Includes Repeal of Individual Mandate Beginning in 2019
On Dec. 20, Congress pass the Tax Cuts and Jobs Act, which makes significant changes to individual and corporate provisions of the U.S. tax code, including a reduction in the coporate tax rate to 21%, down from 35%, beginning in 2018. The bill includes permanent effective repeal of the Affordable Care Act (ACA) individual mandate, requiring indidividuals to purchase and maintain health coverage, by zeroing out the penalty beginning in 2019. For 2018, most individuals are still required to maintain coverage or pay a penalty when they file their 2018 federal income tax return. (Cigna, 12/20)

Source: Cigna, Informed on Reform

NY Times: House Gives Final Approval for Tax Overhaul
The House, forced to vote a second time on the $1.5 trillion tax bill, moved swiftly to pass the final verson on Wednesday, clearing the way for President Trump to sign into law the most sweeping tax overhaul in decades. House lawmakers approved the tax bill 224 to 201 on Wednesday. (Kaplan, 12/20)

Source: NY Times

Kaiser: No Sweeteners Added to Tax Bill To Spread Use of Health Savings Account
The GOP tax legislation doesn’t incorporate any changes, said Roy Ramthum, president of HSA Consulting Services. Some analysts say it’s still possible that HSA changes could be attached to other pieces of legistation, such as a spending bill or a bill to extend the Children’s Health Insurance Program. (Andrews, 12/19)

Source: Kaiser

The New York Times: Unless Congress Acts, Nearly 2 Million Children Could Lose Health Coverage In January
If Congress does not renew federal funding for the Children’s Health Insurance Program, also known as CHIP, more than 1.9 million children in 23 states could lose health coverage in January, according to a new analysis by the Georgetown University Health Policy Institute. (Park, 12/20)

Source: The New York Times

__________________________________________________________________

The James Group, LLC is now posting current health insurance news articles on our Facebook page. Type in: The James Group, LLC in your Facebook search box to access our page.  We will keep it simple with one to three articles per week. Also, please “like” our page if you find the article(s) interesting. 

data:image/png;base64,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Phone: (901) 273-8600
Fax: (901) 273-8700
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Phone: 770-709-7210
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