Healthcare Medical Feed

It's December 1. December. The last month of the year. How the heck did that happen!?! It hasn't even gotten good and cold yet here in Central Texas. We -- OK the hubby, at my nagging request -- put our Christmas tree up the first week of November this year. That means I have all of December to focus on taxes! OK. I've got my calendar and weather rant under control. But my urgency about how quickly 2016 is passing remains. That means we're rapidly running out of time -- check the countdown clock there in the right hand column... Read more →


After a cordial Oval Office meeting with President Obama, the incoming 45th commander in chief doesn't seem so inclined to pull the plug on the health care program. Mr. Trump goes to Washington, specifically the White House to meet with President Obama the day after the GOP candidate won the 2016 presidential election. (White House YouTube video screenshot) Repeal and replace the Affordable Care Act (ACA) was one of Donald J. Trump's core campaign messages. As soon as the election results seemed clear, opponents of Obamacare, as the health program is popularly known, were exultant. With a Republican president joining... Read more →


It's November. You know what that means. Yes, the presidential election will be over next week. But November also means that we have two months to make some tax moves to ensure we don't encounter any tax turkeys. Don't be gobbled up by tax concerns. Make these November tax moves. (South Park/Comedy Central turkeys via GIPHY) Health care considerations: November kicked off with open season for Affordable Care Act, aka Obamacare, enrollment. If you don't get medical insurance at work, you should check out the Health Care Marketplace for coverage. You'll need minimal essential coverage or you'll owe a tax... Read more →


Welcome to Part 5 of the ol' blog's series on 2017 inflation adjustments. We're halfway through the series, and you can find links to all 2017 inflation posts in the first item: Income Tax Brackets and Rates. Today we look at changes to some medical tax provisions. Note: The 2017 figures apply to 2017 returns that are due in 2018. For comparison purposes, you'll also find 2016 amounts to be used in filing 2016 returns due next April. How are you feeling? If not so well, then by all means get to the doctor. And be sure to use some... Read more →


Donald J. Trump finally has released some traditionally private information about himself. No, not his taxes you dreamers. His most recent medical records. Republican presidential candidate Donald Trump shares his recent medical report during a taping Sept. 14 of the syndicated Dr. Oz show. The program will air today, Sept. 15. Click image for link to YouTube promo; link will be updated for full show viewing when available. But being The Donald, he did it (with apologies to Frank) his way. On TV of course. Trump shared his most recent medical data with television's syndicated, and controversial, Dr. Oz. From... Read more →


Ezekiel Elliott's visit to a Seattle marijuana retailer was the big weed news this week, and yes, pot has received lots of headlines lately (more on this a little later). Apparently amazed visitors to the cannabis display at the Oregon State Fair in Salem, the first time pot plants have been open for public viewing at any U.S. state fair. This is just one piece of pot news so far this month. Click image to view the AP video via USA Today. I admit that as a Dallas Cowboys fan, I spent an inordinate amount of time following the first-round... Read more →


I have allergies, but they are just the run-of-the-mill inconveniences -- sniffles, sneezing, red eyes. Neither my life nor those of my loved ones depend on immediate treatment for an allergic reaction. Photo by Tokyogirl79 via Wikipedia Folks who rely on EpiPens, however, are in a really terrible place right now. EpiPen price increases: These injectable devices deliver a pre-measured dose of epinephrine (adrenaline) to people who are having a potentially deadly allergic reaction. The shot reverses anaphylaxis, which is the swelling, closing of the airways and other symptoms suffered by many who are allergic to bee stings, peanuts or... Read more →


Are you one of the around 10 million taxpayers who got an extension to file? I was. Are you one of this group who's yet to file a tax return? I am. What are we waiting for? We paid any tax we owed, or a close guesstimation of our tax bill, when we filed for the extra six months back in April. So we're not that worried about a big tax bill. And we fully intended to get to the tax task sooner rather than later. But we woke up today, took a look at the calendar (or our smartphone)... Read more →


The Republicans still want to repeal Obamacare, or as it's officially known the Affordable Care Act (ACA). They say so every chance they get, be it on Capitol Hill, the campaign trail or in the Party's 2016 official platform. The Democrats want to extend and, according to that Party's platform, move the 44th president's namesake legislation toward even broader universal health care. President Barack Obama meets with doctors at the White House. (Photo by White House photographer Pete Souza) But until either of those comes to pass, we've got to work with what we've got. And that means coverage requirements... Read more →


I've reached a milestone age where doctors seem to think a person suddenly needs every test medical science has so far devised. Routine blood tests were the least of my worries after my last doctor visit. I am pushing back on some of my physician's suggestions for several reasons. They range from "I feel fine" and "I have no family history of that particular ailment/disease/condition" to "Ewwwww!" to "I don't have time" and "Wow, that costs an awful lot." As for the expense argument, even though I have medical insurance, it has a deductible. A sizeable one. My medical approach... Read more →


Watch out, West Coast. Michael Bloomberg has you in his anti-sugar sights. Classic and Cherry Cokes in our pantry. Photo by Kay Bell. The former New York City mayor was a major financial backer of Philadelphia's beverage tax, providing around $1.6 million in support of the measure. The Philly city council handily approved the 1.5-cents-per-ounce tax on sugar-added and artificially sweetened soft drinks on June 16 As I noted in my Bankrate Taxes Blog post on the day of the vote, the tax campaign was notable for the admission by Philadelphia lawmakers that revenue, not public health, was the prime... Read more →


One way to survive working on your tax return with a deadline looming -- April 18 this year -- is to make sure you don't make any easily avoidable filing mistakes. Similarly, you don't want to overlook any tax breaks. I guess that technically omitting a tax claim could be considered a mistake, but for the sake of keeping things clear -- and for providing an added blog post topic! -- I've separated them. Searching for tax breaks? Below are 18. (James Corden GIF via CBS.com/Corden) And to save you time in your search for ways to cut your tax... Read more →


Tax Day 2016 is a week away. That's seven days to take care of your annual tax duty. It also means you have seven days to complete some other tax-related tasks that have an April 18 deadline, too. Here are eight tax tasks to take care of in this final filing week. The Beatles' most famous tax-related song is Tax Man, but for this post, Eight Days a Week works, too. Click image to watch the YouTube video of the more-than-a-week-long song. 1. File your 2015 tax year federal tax return. If you miss this deadline by more than 60... Read more →


NOTE: This post was updated Jan. 26, 2017. Obamacare, the popular name for the Affordable Care Act (ACA), was supposed to be a key factor in the 2016 presidential election. It still might be one came up in the general election once Democrats and Republicans have settled on their respective candidates. Now the Republican-controlled Congress and GOP President Donald Trump are working on repealing and replacing the prior president's signature health care law. So far, though, For the most part during last year's run for the White House, health care has received only cursory mention and, surprisingly, that's been was... Read more →


The hubby and I get our medical insurance through his employer. Today we and several of his coworkers got our Form 1095-C in connection with our health care coverage. This is one of two new documents that employers are sending out to their workers in connection with the Affordable Care Act, or as many of us call it (fondly and otherwise), Obamacare. When one of the hubby's colleagues raised questions about the form, I suggested he send out a company-wide email blast with a link to my story on ACA forms. He declined. We now have a dinnertime discussion topic.... Read more →


One of my favorite faux inspirational sayings suggests a way to deal with stress, which is a major issue for many folks at tax time. "When life is stressful, do something to lift your spirits. Go for a drive. Go two or three thousand miles away. Maybe change your name." It actually works, the taking a short drive, I mean. Thankfully, neither my taxes nor the rest of my life has gotten so overwhelming (yet!) that I've been tempted to follow the rest of the tongue-in-cheek advice. And in addition to the mental and emotional relief, some of the driving... Read more →


If you're feeling the Bern, you count Bernie Sanders's effective tie with Hillary Clinton in last night's Iowa caucuses as a win. However, Sanders is a loser on Capitol Hill when it comes to his tax plan. The party's leadership in Washington, D.C., has made it clear that it won't run on any platform that supports raising taxes on middle-class voters. Wealthy are the traditional tax target: Democrats have long argued for higher taxes, but the target has always been the wealthy. In recent years, that has been the $250,000 earnings mark for families. Higher taxes for the rich was... Read more →


Welcome to the last week of 2015. The end of the calendar year is important not just for your New Year's Eve party planning purposes, but also because when it comes to most tax moves, Dec. 31 is a critical and firm deadline. So with the soon-to-be-old year rapidly winding down, here are 10 tax moves to make by Dec. 31. 1. Take your retirement account distribution. Most owners of tax-deferred retirement accounts who are age 70½ or older must take a specific amount out of their nest eggs by the end of the year or face stiff penalties. This... Read more →


When we think about tax-related inflation adjustments, we typically expect amounts to bump up, at least a little. But, as the Federal Reserve made clear yesterday when it finally hiked interest rates for the first time in almost a decade, inflation has not been a big deal for a while. So it's not such a big surprise that the Internal Revenue Service's annual inflation adjustments for the rates used to figure tax deductible driving looked like some earlier Fed moves: they will drop in 2016. A young driver knows what it takes to keep his vehicle on the road. The... Read more →


Sin taxes are supposed to encourage help force people to break what are generally perceived as bad habits. One of the most common sin taxes is an added levy on cigarettes. It has long been argued, and shown in some studies, that the tax is effective in keeping young people from starting to smoke. They tend to have lower incomes, so a hefty tobacco tax makes the habit too expensive for them, especially when they consider other ways they could use the money that otherwise would turn to ash. Now it looks like cigarette taxes also can improve the health... Read more →