Tax forms now ask for health insurance info
This tax season (which officially started this week) marks the first time individuals and families in Tennessee will be asked to provide basic information regarding their health insurance on their tax returns, according to the U.S. Department of Health and Human Services.
Most people will just need to check a box, indicating they had health coverage for all of 2014. But people who purchased coverage through the Health Insurance Marketplaces or who decided not to enroll in coverage, should be aware of the additional steps that will be a part of the tax filing process starting this year. All Marketplace consumers will receive the new Form 1095-A by early February.
See more information online at irs.gov/pub/irs-pdf/p5187.pdf.
Tenn. ranks 46th among states costly for drivers
With the lowest gas prices the U.S. has seen in six years and favorable interest rates driving auto sales that are expected to break records in 2015, the leading personal finance social network WalletHub conducted an in-depth analysis of 2015’s “Most and Least Risky States for Drivers’ Wallets.”
The analysis included the minimum coverage requirements for mandatory auto insurance and the percentage of uninsured drivers.
Tennessee ranked 46th with an estimated 20.1 percent of drivers running the roads without auto insurance.
Florida is the state where you least want to have an accident. The insurance requirements there are lower than most states, and an estimated 23.8 percent of Florida drivers have no insurance at all.
For the full report, visit wallethub.com/edu/most-and-least-risky-states-for-drivers-wallets/9446/.
