Tips to cash in on medical expense tax credits of the Harver Group - Your Health Insurance Counter Fraud Services Tokyo

If you are looking for a way to save tax for 2013, try the medical expense tax credit. This can save you tax dollars, but the calculations are often tedious. Start working on your claim well before April 30.

How much tax can you save? For example, suppose you have a net income of $50,000. What amount of medical expenses would you need to make a worthwhile claim? You'd need at least $1,500 in medical expenses to reach your three per cent threshold before any tax credits can be claimed at all.

Generally, for every $100 of medical expenses in excess of three per cent of your net income you can save $26 (using Saskatchewan rates) for 2013. Assume your medical expenses were $2,500 in total for 2013. Having $1,000 of expenses that exceed your $1,500 threshold means you'd save $260 tax.

If you only have $1,550 of medical expenses, with only $50 over the threshold, you'd save $13, which may not make the effort worthwhile, especially if you are paying an accountant by the hour.

Definitions what qualifies as a medical expense? Do an online search for "CRA medical expenses." You will find a web page listing 116 headings, ranging from attendant care to wheelchairs.

Eyeglasses count. Dental work counts, but not teeth whitening. Claim prescription drugs, but don't claim vitamins or supplements. Rehabilitative therapy is eligible. Fitness club fees are not eligible.

Did you pay for private health insurance coverage in 2013? That includes health insurance for out-of-country travel. Claim your premiums as a medical expense. Did your employer provide group health insurance such as a dental plan? When your employer provides such non-taxable benefits you cannot claim the premiums as a medical expense. Employees can only claim employee paid premiums. Check Box 85 of your T4 slip.

Similarly, retirees should check box 135 of their T4A slips for health insurance premiums deducted from employer pension payments.

Review your dental and health insurance claim forms. For each medical service listed, deduct the amount of reimbursement from the total cost. Claim only the unreimbursed portion as a medical expense on your tax return.

Medical travel costs Do you reside in a rural area, with no medical practitioners located within 40 kilometres of home? You can claim the cost of travelling to obtain treatment. Click on the "travel expenses" link on the CRA webpage. Use the simplified method to claim 45.5 cents per kilometre for trips starting in Saskatchewan.

To support your claim, list the dates of your trips and treatment locations. Describe the service (dental or physiotherapy, for example). State the medical practitioner's name. State the distance for each round trip. Claim $17 per meal and parking receipts if you had to travel at least 80 kilometres (each way) from your home.

Did you obtain treatment outside of Canada? Keep receipts for the medical service, travel and hotel costs. Convert receipt amounts to Canadian dollars.

Did you move into an assisted living retirement home because you had difficulty with daily living activities? If you are eligible for the disability tax credit, then limited amount of attendant care costs, such as food preparation, housecleaning and laundry services can be claimed as a medical expense. Your retirement home should provide a receipt breaking down rent into eligible and non-eligible services.

What if your employment income was so low in 2013 that you don't need to claim any medical expenses to eliminate tax owing? For example, suppose you had $10,000 of wages and paid $5,000 for dental work. Claim those medical expenses. You can receive a $1,142 tax refund because of the Refundable Medical Expense Supplement.

Terry McBride, a member of Advocis, works with Raymond James Ltd. (RJL). The views of the author do not necessarily reflect those of Raymond James Ltd. (RJL). Information is from sources believed reliable but cannot be guaranteed. This is provided for information only.

Securities offered through Raymond James Ltd., member of the Canadian Investor Protection Fund. Insurance services offered through Raymond James Financial Planning Ltd., not a member of the Canadian Investor Protection Fund.

The Harver Group - Your Health Insurance Counter Fraud Services Tokyo: ACA Marketplace Enrollment Solutions

ACA Marketplace Enrollment Solutions Provides Tips on How the Affordable Care Act Protects Americans Who Recently Lost Their Job-Based Health Insurance Coverage

"It is extremely unfortunate when any American loses their job and along with it their job-based health insurance coverage," began Bill Hallberg, Chief Enrollment Officer, ACA Marketplace Enrollment Solutions (ACAMES). "The good news is that with the Affordable Care Act, consumers now have two laws that protect them by providing health insurance coverage options and potentially saving them money on their health insurance premiums. Additionally, for the first time, consumers have an affordable choice beyond the traditional extended job-based health insurance coverage, COBRA."

Educate Yourself On The Facts Surrounding Loss of Job-Based Health Insurance:

   • Now there are two laws that protect consumers who are losing their job-based health insurance coverage: COBRA continuation coverage and the Affordable Care Act.

   • Loss of job-based coverage is considered a qualifying event, which allows the potential insured to purchase a plan through the new Health Insurance Marketplace.

   • Under the traditional and often costly COBRA option, individuals are responsible for paying 100% of premium of the job-based plan plus 2% for administrative costs.

   • Through the Affordable Care Act, individuals can choose from a variety of plans available to them in both the Health Insurance Marketplace and in the traditional marketplace.

   • In the Health Insurance Marketplace, many individuals will be eligible for subsidies, which can cover a substantial portion of their premium (up to 100% of premium in some cases). These individuals will have the ability to choose from one of the many insurance carriers, plans, and benefits available to them and can select one that will best meet their needs. Also, they may find that the cost of a Marketplace plan is significantly lower than the COBRA option offered by their job-based plan. "It's a fact that many consumers choose COBRA coverage due to lack of information about their other health insurance options. They may not be aware of the new laws that protect them as a result of the Affordable Care Act," remarked Hallberg. "Additionally, many individuals do not realize that they have a 60-day window under the special enrollment provision to consider their options and decide on whether to enroll for quality and affordable insurance in the Health Insurance Marketplace, or elect the Cobra continuation of coverage option" Hallberg concluded. Many people shy away from the Marketplace option because they do not know where to turn for Health Insurance Marketplace enrollment assistance. This is where ACAMES' team of licensed and CMS certified health insurance professionals could assist consumers. Who is ACA Marketplace Enrollment Solutions?

   • ACAMES is a licensed, certified and multi-lingual national enrollment firm that specializes in the Health Insurance Marketplace and Senior Products.

   • ACAMES is not affiliated with any governmental agency. As a Health Insurance Marketplace enrollment provider, we are here to assist individuals and families secure health insurance. ACAMES is compensated by the insurance carrier and there is no cost to the potential customer or enrollee.

   • ACAMES agents certified on the Marketplace Exchange possess extensive knowledge on the enrollment process. These certified agents will also help calculate subsidies and explain how deductibles, out-of-pocket maximums and copayments work under The Affordable Care Act.

   • ACAMES represents national and regional health insurance carriers across the country that offers products both on and off the Health Insurance Marketplace. Visit our website at or call us at (800) 342-0631 to get more information.

What Value Does ACA Marketplace Enrollment Solutions Provide Consumers?

1. Help you shop and compare. ACAMES' licensed and certified insurance professionals can first educate the consumer regarding the new health insurance laws. Second, they can compare the health insurance plans, benefits, and premiums offered through the Health Insurance Marketplace.

2. Determine if you qualify for a government offered health insurance subsidy. Through the Marketplace you'll also learn if you qualify for free or low-cost coverage from various plans offered on the Marketplace.

3. Explain the rules that apply when entering the Health Insurance Marketplace following the open enrollment period. The team at ACAMES can thoroughly explain the rules and closing dates that apply. Loss of job-based health insurance is considered a "qualifying event" under the Affordable Care Act. There is only a 60 day window; based on the date the job-based health insurance is discontinued, to be eligible for coverage through the marketplace.

4. Accessible to their customers. Staffed Monday through Friday 8 a.m. thru 8 p.m. and Saturday 9 a.m. through 3 p.m. CST, enrollment agents stand ready to assist clients with their health insurance needs. Visit our website at or call us at (800) 342-0631 to get more information.

Millions More People Are Getting Health Insurance Because Of Obamacare, Survey Finds

The Harver Group - Your Health Insurance Counter Fraud Services Tokyo

Nearly one week after White House enrollment numbers showed Obamacare surpassing the seven-million mark, an economist-driven survey is projecting more good news for the Affordable Care Act.

RAND Corporation released its findings Tuesday, showing that the health care law is poised to spur a net gain of 9.3 million more insured Americans. The survey results were collected through March 28, 2014, and respondents will be part of a follow-up later in April, once new data is available.

The survey adds that thanks to shifts caused by circumstances like job and marital status changes, the study cannot pinpoint which shifts were specifically driven by Obamacare's arrival. But limited conclusions can be drawn, including an estimate that the share of uninsured Americans will drop from 20.5 percent to 15.8 percent.

RAND Corporation's numbers arrive one day after Sen. Mike Lee (R-Utah) and Nebraska Senate candidate Ben Sasse (R) penned an op-ed in the Washington Examiner, warning Republicans that there is urgency to create alternatives to Obamacare.

"The good news is that the final chapter on the president’s disastrous health insurance takeover has not been written," they wrote. "Conservatives are making a strong comeback with concrete proposals that, if enacted, would create real progress toward better healthcare outcomes for all Americans."

The Harver Group - Your Health Insurance Counter Fraud Services Tokyo: Handling Detailed Interrogation

Here's a guide to navigating the difficult questions that you are asked while buying insurance.

While buying insurance online, the toughest part for most customers is answering the medical-and lifestyle-related queries in the proposal form. Some questions are general, but some are specific and relate to medical condition, profession and hobbies of the buyer.

Sample these questions. Has your weight altered by more than five kg in the last two years? Have you been incapable of working for more than five days in a week in the past two years? How many cigarettes do you smoke in a day and/or how many pegs of alcohol do you consume in a week?

Why would the insurer like to know how many cigarettes you smoke or how much liquor you consume? Do the answers to these questions have a bearing on your insurance premium?

The answer is yes. Hence, it is important that you answer all questions correctly.

"Present and past medical conditions, insurance history, personal and family health, lifestyle habits, etc., have an important bearing on risk and, therefore, product pricing," says Mayank Bathwal, deputy CEO, Birla Sunlife Life Insurance.

However, answering these questions can be tricky, especially for a person who is buying the policy on his/her own. We assess these questions and how they can impact the underwriting process.


The questions asked in a life or health insurance application form can be generic or very specific. The difficulty level may vary accordingly. The answers are mostly in yes or no. If the answer to each question is no, the process is hassle-free if the declarations are true.

However, if the answers are yes, the company seeks further explanations and in some cases even documents so that it can decide the premium or whether to accept your application.

"The purpose of asking about the person's health is to ascertain his well-being. If any risk is noted, further tests may be sought on the basis of sum assured and the person's age," says Bathwal of Birla Sunlife Life.

So, if your answer to the question whether you are a smoker is yes, you will be asked what you smoke (cigarette, beedi or cigar), how many do you smoke in a day and for how many years have you been smoking. If you say you have stopped smoking, you will be asked when and why.

Explanations and documents may not always be difficult to furnish. However, at times, understanding questions, especially the ones related to health, could give you a hard time.

Take, for instance, this question. "Have you undergone/have you been recommended to undergo any of the following: angioplasty, heart bypass surgery, brain surgery, heart valve surgery, aorta surgery or organ transplant or any other major surgery or treatment?"

The use of medical terms, which most people may not be aware of, makes things difficult for the buyer. For instance, you need to be a biology student or a medical practitioner to know which diseases are considered congenital.

Further, it is possible that you have not undergone any of the above mentioned surgeries but some other surgery. Should you mention this in the column 'other major surgery or treatment' category?

Then there are questions that are sure to put you in a fix. So, if the insurer asks if you have experienced any health problem or medical condition within the past three months for which you have not consulted a doctor, what should be your answer? Even if the answer is yes, you will probably not know the name of the condition from which you suffered.

As a result of these issues, insurance companies, which were aggressively promoting online sales, have witnessed very low conversion of online enquiries into sales. The companies are trying to address the issue by starting online assistance, 24X7 call centres etc. Some are even selling online policies through agents.

"To help customers during purchase, we have set up a 24/7 customer helpline. Customers can connect with our telesales advisors through our toll-free number at their convenience. We also call customers who leave their details on our website and assist them through the buying process," says Sevantika Bhandari, director, marketing, Max Bupa Health Insurance.

"Some questions are very technical in nature and so customers may find them difficult to understand. We have tried to translate such questions into a simpler language," says Anuj Gulati, CEO, and Religare Health.


Based on these declarations, the insurance company assesses the risk involved in insuring the applicant and accordingly fixes the premium. In some cases, it will ask the buyer to undergo medical tests before issuing him the policy.

So, who is a bigger risk for a life or health insurance company-a person who smokes or one who consumes alcohol?

"In term insurance procedures smokers get impacted directly as there are separate slabs for smokers and non-smokers. There is nothing like this for drinkers," says Yashish Dahiya, CEO and cofounder,

This means if you are a smoker, you will pay a higher premium than a non-smoker for a life or a health insurance policy.
If you are in a 'hazardous' occupation or love adventure sports, then also you fall in the higher risk category. The insurer may even reject your request for insurance in such a case.

"If an applicant is involved in adventure sports or lives in a life threatening environment, the insurer can accept the application, reject the application, accept it with exclusions or accept it after premium loading," says Sevantika Bhandari.

Even in case a 'healthy' person's family has a history of diseases such as cancer, diabetes or heart problems, he is usually asked to undergo a test to determine if he/she is susceptible to genetic diseases.

"Based on the results of these tests, the policy can be rejected, passed or passed with restrictions or loading. There is no set rule for such scenarios. It's a subjective call taken by the underwriting team," says Dahiya of

In chronic conditions, where repeat hospitalisation is all but sure, the decision to issue a policy is taken on the basis of medical tests.