With Tax Season Comes New Health Law Tax Forms
USA Today offers consumer tips regarding the three new tax forms that were mandated by Obamacare.
Are You Prepared For New Obamacare Tax Forms?
For tax year 2015, millions of Americans will be getting a new tax form related to health care reform measures. Will you know what to do with yours when it arrives? The Affordable Health Care Act, colloquially known as “Obamacare,” mandated three new tax forms to be used as a kind of proof of insurance so taxpayers may avoid paying a penalty for failure to be covered. (Reeves, 2/19)
In other news consumers can use -
The Wall Street Journal:
Are HSAs The New 401(k)? Money Managers Hope So
An unexpected winner from rising health care costs? Wall Street. More Americans are setting aside money in health-savings accounts for medical bills that their company plans no longer cover. Money managers are eyeing this new pool of assets as an opportunity. HSAs are primarily offered by banks and act as checking account-like pools that preserve balances. As they grow, however, some savers are increasingly interested in investments beyond money market funds that could generate greater returns over time. This is a welcome opportunity for asset management firms at a time when they are seeing net 401(k) withdrawals for the first time. (Martin and Krouse, 2/19)