kahlestyle
Expert
- 81
Why aren't we discussing this?
Some guesses:
We are focused on Indiv as they offer the home run opportunity in 2014
Groups aren't taking advantage of this now, why in 2014?
Its an accounting/cpa issue not ours-too cumbersome
Mix this in with the Forum consensus that we will lose small groups due to dropping coverage by dumping into the exchange
And I have to ask again........Why aren't we discussing this?
Seems to me that a 50% tax credit is a HUGE hammer to use against those considering dropping coverage as they all do the calculation of which pencils out better
But I havnt done any work on this yet
AnnH, does your accountant husband have some advice here?
My cpa says NONE of his small biz guys take advantage of the current 35% tax credit.......Why?
Will that change when it increases to 50% in '14?
Is it too confusing and cumbersome to be worth it?
Conclusion: if its manageable to advise the client on how to achieve the 50% credit AND it can make the difference between our small group clients dropping coverage or keeping it while taking advantage of tax credit,........ then it stops the bleeding for us, on groups thinking of dropping coverage
Has anyone done some hard calculations here?
Some guesses:
We are focused on Indiv as they offer the home run opportunity in 2014
Groups aren't taking advantage of this now, why in 2014?
Its an accounting/cpa issue not ours-too cumbersome
Mix this in with the Forum consensus that we will lose small groups due to dropping coverage by dumping into the exchange
And I have to ask again........Why aren't we discussing this?
Seems to me that a 50% tax credit is a HUGE hammer to use against those considering dropping coverage as they all do the calculation of which pencils out better
But I havnt done any work on this yet
AnnH, does your accountant husband have some advice here?
My cpa says NONE of his small biz guys take advantage of the current 35% tax credit.......Why?
Will that change when it increases to 50% in '14?
Is it too confusing and cumbersome to be worth it?
Conclusion: if its manageable to advise the client on how to achieve the 50% credit AND it can make the difference between our small group clients dropping coverage or keeping it while taking advantage of tax credit,........ then it stops the bleeding for us, on groups thinking of dropping coverage
Has anyone done some hard calculations here?