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A yes vote would make permanent a tax on health insurers, which is currently set to expire at the end of 2026. If Prop. 35 passes, the tax would no longer require legislative approval.
On the state level, you may be able to deduct the value of that employer-provided insurance for domestic partners, according to the Franchise Tax Board and San Francisco Health Service System.
Under the individual mandate provision (sometimes called a "shared responsibility requirement" or "mandatory minimum coverage requirement"), [28] individuals who are not covered by an acceptable health insurance policy will be charged an annual tax penalty of $95, or up to 1% of income over the filing minimum, [29] whichever is greater; this ...
Those exceptions include losing your current health insurance, getting married or having a baby. Generally, you have 60 days from the date of the qualifying life event to enroll.
Covered California is the health insurance marketplace in the U.S. state of California established under the federal Patient Protection and Affordable Care Act (ACA). The exchange enables eligible individuals and small businesses to purchase private health insurance coverage at federally subsidized rates.
[2] [4] Individual policyholders are also more likely to report being in excellent health than are people covered by employer-sponsored health insurance, which may be a contributing factor. [11] Premiums in the individual market rose less rapidly over the period 2002-2005 than did out-of-pocket premiums in the employer-sponsored market (17.8% ...
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