Year: 2015

Horizon’s Omnia – Welcome to New Jersey?

In 2016, there will be a new Health Insurance product in New Jersey from Horizon Blue Cross Blue Shield called "Omnia".  Omnia Health Plans offer lower premiums for access to what is still one of the largest networks in New Jersey.  Horizon believes Omnia will offer lower out of pocket costs for certain doctors and hospitals.  No referrals are required from general practitioners and many will offer wellness benefits. Read More

Cadillac Tax Delayed Until 2020!

A major part of the Affordable Care Act (ACA) was rolled back on Friday, December 18th when President Obama signed into law a $1.1 trillion legislative package that includes a 2 year delay on the Cadillac Tax and suspends the medical device tax. Read More

ACA Reporting With Forms 1094 and 1095

The Affordable Care Act (ACA) has brought about many changes with respect to health care and the employer/employee relationship.  One of these changes is that employers with at least 50 employees are now required to offer minimum essential health coverage to its employees.  The IRS has a central role in enforcing this requirement by tracking who is and is not making this coverage available to employees. To that end, new forms must be filed in… Read More

Year-End Philanthropy

With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable giving often comes to mind. The tax benefits associated with charitable giving could potentially enhance your ability to give and should be considered as part of your year-end tax planning.Giving not only means giving to a favorite charity, it can also… Read More

Hacked By Barbie?

You undoubtedly know that hackers are everywhere these days, including openly operating in Moscow near the government offices and inside the Chinese military. You probably have virus and malware protection on your computer, and you know not to click on suspicious links sent by email. But an interesting new vulnerability is emerging which you may soon be hearing more about: internet-connected toys. Read More

The Importance of Designating the Right Beneficiary for an IRA

Does naming a Beneficiary Matter? Doesn't it go to my estate anyway? Yes it matters. IRAs transfers are not covered under your Will, but according to beneficiary designation form that you complete for your IRA account. This is why it is important to complete a beneficiary form when you set up your account and make sure that it is kept updated. If you die before your required minimum distribution date, your estate is designated as… Read More

Morningstar 529 Plan Rankings for 2015 Find out which 529 College Savings Plan is right for you

Sending your kids to college is one of the most exciting times in one's life and being financial prepared can be even more gratifying.  However, often new clients tell us that they haven't started a 529 savings plan because it might impact their child's chances for financial aid.  Unless your income is below $185,000, chances of financial aid are slim.  Throughout this article, I will discuss tax-advantaged college savings plans (i.e. 529 college savings plan),… Read More