Medi-Cal is a public health benefit program initiated in 1966 in California. This publicly funded Medicaid program offers medical, maternity, dental, and visual impairment programs and cares for California residents who fall below the poverty line or are from low-income backgrounds. More than 13.2 million California residents are subscribed and enrolled under the state-specific Medi-Cal program reported by the Department of Health Care Services (DHCS). Medi-Cal is focused on providing health insurance to those residents who fall under the eligibility group.

Expecting mothers, children, minors, and adolescents under 21, physically disabled, visually impaired, older people, and parents or guardians of young children qualify for Medi-Cal. The state-based insurance also offers long-term services for the poor and disabled, and older adults, including nursing homes and elderly care centers. However, it would help if you were a US citizen and a legal resident of California to apply and register for Medi-Cal.

Now let us see how to check Medi-Cal status in California:

Medi-Cal application status

How to Check if My Medi-cal is Active?

To check if your Medi-cal status is active, call the Medi-Cal hotline for California at (800) 541-5555. However,  if you are outside of California, you need to call (916) 636-1980. Another alternative to check the current status of Medi-Cal is by sending a written inquiry and post it to Medi-Cal eligibility division PO Box 9974.7, MS4607 Sacramento, CA 95899–7417.

Important:

If you do not have your BIC number, you can check your Medi-Cal status using the last four digits of your Social Security number and month and year of birth.

To avail of the facility and health benefits provided by the state-run Medi-Cal, you need to make sure that your health insurance is currently active. However, before that, you have to be entitled to medical care provided to you after detailed analysis and individual background checks upon registration. If you have passed the criteria test, then the California Department of Health Care Services will send you a Benefits Identification Card if you have been successfully approved for the state insurance. The Benefits Identification Card is dispatched to you after a few working days. The DHCS will contact you for additional information on documents; however, if the BIC has not been received via email, you can check the Medi-Cal status by contacting the local social services office. You can also go to the official medical website and check the current status.

How does Medi-Cal verify income?

Medi-Cal verify income electronically using the Internal Revenue Service (IRS) database and other databases. Medi-Cal compares your earning report with data from databases. If you are 19-64 years old and your family’s income is at or below 138% of the Federal Poverty Level (FPL), you can use Medi-Cal health insurance.

Visiting the health department or agency
Social services agencies are spread across California and operate under different counties with different names. The social services agency in Los Angeles County is known as the Department of Public Social Services, whereas it is the Department of Social Services in Humboldt County. You can find a list of locations of social services agencies on the official website of the DHCS. Your county’s first letter is categorized into A to L, M to R, and S to Z. Click on the link. For example, if you are dwelling in Sacramento County, you should click on the S to Z link. On the next page, you can see the list of your county’s agency. All the information and particulars of the agency, including the address, can be found. Larger counties have several agencies in different locations to accommodate the larger population for the Sacramento County Department of Human Existence; there are eight different offices mentioned on the department’s homepage as it is a significantly larger County.

Call Medi-Cal
If you cannot visit the social services agency in person, you can also call on the universal number for Medi-Cal. The Medi-Cal hotline is 800 5415555; however, if you call from outside California, you can call on 916636-1980. If you do not have the BIC yet, then you can get the desired information regarding the Medicare and status by using the last four digits of the Social Security number along with the date of birth, month, and year and enter the details into the automated system. You also have the option to call the local county office. The details can be found underneath the DHCS official listings. These numbers are local and completely toll-free. The number of Human Services Agency can be contacted at 415–557 -5000.

Check Medi-Cal status via email
Another alternative to check the current status of Medi-Cal is by sending a written inquiry and post it to Medi-Cal eligibility division PO Box 9974.7, MS4607 Sacramento, CA 95899–7417. The written mail should contain essential details and have already applied for Medicaid but have not yet received the application’s current status. The essential details required are name, address, phone number, Social Security number, date of birth, current application submission date.

You can also use online platforms such as the MyBenefitCalWin website to track the application. You can also check any notices or information details along with documentation requests on this platform. You need to create an account on MyBenefits to access the online facilities.

Medi-Cal is a beneficial state-funded program for the low-income residents of California. If you want to be a part of Medi-Cal, you initially need to check your eligibility which can be done by applying to the respective county and their link department. For example, if you live in Sacramento County, you should apply to the Sacramento County Department of Human Assistance to receive benefits. Depending on the financial situation, you will be approved if you qualify for the government’s different programs and packages.

First, you need to acquire a Medi-Cal application form from the Department of Health Care Services official website or call to Sacramento County Department of Human Assistance (if residing in Sacramento) to mail it to you. When applying for benefits, you qualify for all kinds of healthcare programs and services, including dental care. After filling and submitting the form, you need to gather documents for verification. As proof of evidence, you may also need to keep essential documents such as birth certifications, Social Security card, driver’s license, immigration documents to prove your legal status, tax returns, child support checks, pay stubs, and bank statements, along with the vehicle registration and medical status for each family member. You can mail the completed application along with additional documents to the local county office. After a wait of 45 days, you will hear a decision from your caseworker or the county office. A letter will be mailed to you stating the final decision regarding the approval or denial.

To be eligible for Medi-Cal, you need to submit proof through temporary assistance for needy families, in-home supportive services, adoption facilities, food stamps, refugee assistance on supplemental security income. Individuals who obtain health benefits through these facilities are directly eligible for Medicare health services. Women who are currently undergoing medical treatment for breast or cervical cancer are also eligible for Medi-Cal, provided their income is less than 200% of the federal threshold poverty line.

What is the maximum income to qualify for Medi-Cal?
The maximum income to qualify for Medi-Cal is 138% of the Federal Poverty Level (FPL). It is around $17,609 for an individual and  $36,156 for a family of four.

How to cancel Medi-Cal?

To cancel your Medi-Cal health insurance plan, you can do it online using a Covered California account. When you log in Covered California account, there will be the option to cancel your plan. To cancelation be finished, you need to wait at least 14 days.

Leaving newborns and toddlers to child specialists and full-day helpers can be quite intimidating and overwhelming for the parents. First, it is not easy to put your children under the care of new faces, which is why it is imperative to do a meticulous check and detailed exploration in terms of security, facilities, training, and the legal status of a particular daycare center. It is essential to be convinced about protecting your child, which is the parents’ ultimate priority. Trustworthy and reliable daycare facilities involve qualified staff and proficient caregivers who are professionals in their field with degrees and certification in childcare and help.

A credible daycare setting consists of promoting and fostering developmental progress, keeping in view children’s individuality and uniqueness to a particular interest. In addition to that, professional caregivers are specialists and promise professional handling of newborns and toddlers regarding health and emotional well-being. Apart from the proposed professional services, the parents should also monitor and analyze the childcare facility’s legal standing and status. It is also an integral determinant for finding the proper care for your child.

How to Find My Daycare EIN Number?
You can find the Daycare EIN or tax identification numbers of any business using the local 800 number. To find your local 800 number, call the IRS at 1-800-829-1040 or visit your state’s Department of Public Health website. You will need for Daycare Tax ID Number Lookup the facility address, name, and child care director’s name handy.

The Internal Revenue Services of the United States of America requires all businesses and entities, including childcare services and professional caregiver facilities, to declare an Employer Identification Number used to keep a check on the business’s current tax status or establishment. This number is officially used to file taxes and allows the organization to run effortlessly without any impediments. Because of this reason, parents are advised to formally require the EIN of the particular daycare in which you are interested in avail of services. In most scenarios, parents do not need to know the EIN of any facility; however, it may be required in specific scenarios. If you think of applying for tax credit and deductions, you may need the EIN for the application. Childcare expenses are drastically increasing regularly, and during this time, claiming tax credits are a blessing. To claim child tax credits, you should have the Tax Identification Number for the child care provider. This number will provide valuable information in document verification and determine if you can claim a tax credit under IRS guidelines.

The Tax Identification Number is obtained from the Internal Revenue Service and is a prerequisite for all businesses, including daycare providers. This number is also referred to as the Employer Identification Number and should be adequately highlighted on the tax document and records provided by the daycare facility to the government. In addition to that, the IRS dictates that the EIN should be mentioned on the tax documents and official notes if you have any professional alliance with the business, have availed facilities from that business, or provided additional amount as a charity. If you own a daycare facility, then it is your responsibility to provide the Tax Identification Number to the parents who are availing childcare services and professional facilities from the business owned. Parents require this number to appeal for child care expenses through tax returns. There is no requirement of a minimum amount invested by their parents, and as the business owner, you cannot deny providing this information to the parents even if they owe you money.

There are numerous methods to identify the daycare provider Tax Identification Number.

Child care services

First, you can directly contact her daycare facility and request the company’s Tax Identification Number. The EIN is known to the business employees; however, if the employees have no access to this number, you may contact the business owner or the proprietor. However, if the business is on a small scale or acting as an independent entity, you can send them IRS form W-9 to request the number. The owner is bound to provide this information and the official name and address of the small-scale business.

Securities Exchange Commission
Public entities provide financial records and official documents to the Securities Exchange Commission habitually to provide information to the investors who can analyze investment opportunities. If the childcare program is a part of a public company and operating on a publicly-traded basis, the Securities Exchange Commission documents will have the Tax Identification Number. The SEC-related number can be found on the Edgar database by mentioning the name of the daycare business.

GuideStar nonprofit directory
You can find the EIN through GuideStar.org if the daycare business is a nonprofit company. This is a reliable platform for sharing EIN for nonprofit companies and encouraging them for information transparency regarding the business. This platform works on sharing the EIN for better results and consistency for clarity and maintenance of credibility. You can also search for EIN on websites such as MelissaData.com and Research.co.m

W-2 form
The EIN is a necessary document to be mentioned on tax-related papers and files. This number is available on the W-2 form if you are the employer of daycare.

Social security number
The social security number can also be used as an alternative for EIN. This option is applicable if the daycare services operate on a small scale and have no employees. Other conditions should also be met for the social security number to be used. If the business is working as a sole proprietor, IRS has a different state, such as its limited capacity.

You can also find the EIN located on the monthly billing record sent to the parents. Certain businesses mention their EIN to save time and avoid complications.

The entire concept of child credit tax involves monetary return just for having more children.

As per the latest trend set by The Economic Growth and Tax Relief Reconciliation Act of 2001, the credit tax has been increased from $500 to $1000. This was recently augmented, and you can claim child credit tax to up to $2000 per child in 2021. If you have more than three children, this amount can go up to $6000, and you are eligible to receive $1400 per child. Apart from the age and other legal requirements, there are income limits too. It would help if you met the income threshold to be eligible to claim the child tax credit. Full-time college students of ages 17-18 or 19-24 receive a throwaway monetary compensation of around $500 per child.

When you are attempting to find out the appropriate cost of a product and figuring out the profit that can be made after finishing the trade, it does get tricky that way.

How to calculate markup and margin?

In business, markup represents the percentage of the profit that is your cost. For example, if the product cost is $40 and the selling price is $60, then the markup percentage is ($60-$40)/$40= 0.5 = 50%.
The margin represents the portion of the products selling price, that is, your profit on that product. For example, if the product cost is $40 and the selling price is $60 then the margin percentage is ($60-$40)/$60= 0.333 = 33.3%.

Product markup = (selling price – cost of product) / cost of the product
Product margin = (selling price – cost of product) / selling price.

To calculate retail product markup, determine the difference between the selling price and cost of the product, and then divide with the product’s cost.
To calculate the retail product margin, determine the difference between the selling price and cost of the product, and then divide with the selling price.

In this specific article, we will reveal the hidden suspense. We will also steer clear of talking like an accountant, which is easy to grasp in simple English, just how it needs to be handled, clearly, and without any sophistication. 

What is retail markup?

Store markup or retail markup refers to the percentage of the profit that is your cost and can be determined as the difference between the selling price and cost of the product and then divide with the product’s cost.

 If there is something that sells for 1 buck and sold for two bucks, then the amount we gain is 1 dollar as profit because the cost and the profit are one dollar, which makes up a hundred percent markup.

What is the retail margin?

The retail margin represents the percentage of your sales price that is profit and can be determined as the difference between the price you pay for an item and the price you sell the item to customers. To calculate retail margin, find the difference between the selling price and cost of the product and then divide it with the selling price.

On the one hand, it is quite the same as markup but is sometimes not the same. 

Here is the thing, and I am trying to make you understand in simple language. The margin could be referred to what percent of the sale price is the profit whose margin is the percentage. Therefore, it’s a similar thing but in reverse. 

Similarly, if you buy anything worth one dollar and sell for two dollars, we know that it will value one hundred percent markup. Voila!  But hold on, for margin, as we have already done the marking up till the price of one dollar, and hence also sold it for two dollars, which lead us to a profit (one USD) here is representing ½  of the margin, so to say. 

Almost every retailer will be happy to acquire a fifty percent margin if they want to thrive, which most people won’t, so that is why simple maths is used via the help of simple numbers.

In a retail environment or grocery store, you will not find margins that are this high or of that sort. 

Margin vs. markup?

As explained in the previous section, markup is simply the amount of percent our cost will be the profit. 

If we compare, in a way, they do match each other and are relied upon a similar set of no. However,  they are also different but significant. 

Here’s a brief chat that will assist you in explaining the  basic things that are not similar and showcasing a few examples:

How to calculate retail price from cost and margin?
To calculate a retail or selling price, you need to divide the cost by 1, minus the profit margin percentage. If a product costs $100 and you want to keep the 40 percent profit margin or decimal 0.4, then $100/(1-0.4) =$100/0.6  =$166.67.

What people often say. You might wonder what they meant heydey are trying to say that if a person gets a route to drive for a raise in what the sales are, tons of worries go away. It adds up to a point where one has to be the authority driving these sales for an excellent foundation that finances or is the system’s base to set, track, and monitor costs, margin, and shrinkage.

Or else, you will find that your problems will grow enormously. 

Distinguish between Net profit and Gross profit margin?

In simple terms, when we sell something, a particular amount is gained, and when we subtract the amount of actual cost from it, then the gained margin is referred to as Gross profit.

On the other hand, as a retailer, greed must not cross our mind; instead, we have to find a way to sell our product similarly as we would if we were in any sort of competition and focus on bringing value. 

That is precisely why we have to keep a balance of all the needs and keep the fair prices of the product in parallel.

Alongside the blast of the gig economy, side hustles have likewise gotten far and wide. In actuality, if you as of now pick up a type of joblessness benefits on your side, at that point, all things considered, you will keep thinking about whether working with Instacart influences these joblessness benefits that you have gotten? 

Will Working for Instacart Affect Unemployment Benefits?

If you work for Instacart, your unemployment benefits may get reduced, and you will have to report your income when received because you are categorized as a 1099 employee. Usually, complete elimination of benefits is rare, but it depends on your earnings.

From the above understanding, you get a short presentation about the thing, yet a few different inquiries are still left unanswered. For example, what is 1099 work, and how can it affect joblessness benefits. Moreover, there is a likelihood that you may be keen on thinking about the decreases in joblessness while looking for instacart. 

Also, that Instacart consolidates its buyers with individuals who are close to home customers that exist in the classification. Notwithstanding, the folks who convey basic food items from Instacart itself are called to be customers, which is one of a kind mark, in contrast to the word ‘representatives.’ It is because of the explanation that the first shop the item from Instacart after they get the rundown from clients and make the conveyance already. 

Who is a 1099 representative? 

Here’s a concise section clarifying who is a 1099 representative. These are normally free provisional laborers prepared to offer their administrations to people, in general, all in all rather than a solitary business. 

For example, specialists, realtors, legal counselors, and bookkeepers can be called 1099 workers. Yet, their characterization isn’t generally a simple task to take care of. 

According to the IRS definition, an individual is to be considered a self-employed entity if the payer has the privilege or command over the eventual outcome of the work as it were. What will be done or in what manner will be done is none of his anxiety, however. The profit of an individual who is utilized as a self-employed entity is dependent upon a particular duty, i.e., Self-Employment Tax. 

You can be classified as a 1099 representative if you work for gig occupations like driving for Uber or looking for Instacart. As you shouldn’t serve the ordinary 9-5 planning, this employment is more freed and incredible to have. In particular, you will be charmed to realize that as an Instacart representative, greater adaptability is given to you over when and how you work. 

Getting paychecks as a self-employed entity may contrast as the installment can be week by week or fortnightly. 

Does working a 1099 occupation get answered to joblessness? 

Truly. 

These days, gig occupations pick up prevalence over different occupations, such as being an Instacart customer. Accordingly, there are higher possibilities for you to get the chance of chipping away at a legally binding premise, if not perpetual sort. 

Temporary workers are not the ones who procure benefits or have charges retained from their wages. Hence, you will get a 1099 rather than a W-2 by year-end. Because of this, provisional laborers are additionally called 1099 workers. 

As you gather the joblessness benefits coming in your direction, you will be needed to look for other employment effectively. Also, the pay acquired from procuring must be accounted for by you while you gather joblessness. 

There is no compelling reason to report it until and except if you get the installment in real money. Supposedly, you would report just that much on the off chance you are paid an incomplete sum. After you get the equilibrium installment, you will report that installment separate from the past one. 

You will be a 1099 representative while you are working at Instacart. Also, it tends to be an incredible method to enhance your joblessness benefits. If your advantages are brought down a touch on the off chance, it will be concealed with your Instacart compensation. 

How does contract work influence joblessness benefits? 

The wages you have had the option to make from provisional labor account for joblessness. 

In such cases, it might prompt marginally brought down advantages. As the installment for 1099 work is inconsistent, the joblessness benefits you get won’t be disposed of on a total premise. 

Your state’s joblessness bonus has the privilege to decrease your advantage sum contingent upon the genuine sum got by you for remuneration. Be that as it may, the decrease may not be done, dollar for dollar. 

For instance, in a nation like Texas, you are well on the way to acquire up to 125% of your standard advantages before your advantage gets disposed of totally. Subsequently, it is suggested that you should initially affirm with your nearby joblessness office to discover the specific decrease sum. 

The best part to be noted is that your advantages will be decreased or disposed of just for a particular time-frame, say for seven days. For instance, on the off chance that you make $500 a multi-week, your advantages may be wiped out for the week when you made $500. Also, if your income gets zero the following week, your advantages won’t be diminished. In any case, first, you need to guarantee that you meet all necessities for gathering joblessness or not. 

Also, some different necessities contain searching for work effectively and being accessible too. If your work includes a specific timetable at your 1099 work, at that point, you won’t be accessible to work all day for a lasting position profile. 

Also, consequently, working for Instacart is, without a doubt, the ideal alternative. In this, you are permitted to work when you can on a timetable set by you and just you. Along these lines, you are allowed to take only a few occupations. Along these lines, you will have more opportunities to look for work. Furthermore, you will be accessible to take on a full-time position whenever the open door comes in. 

Does 1099 work affect unemployment benefits?

If you are operating as self-employed, you most likely didn’t pay into your state’s unemployment fund. If you were paid as an independent contractor and receive a 1099 form, you were not considered an employee and would not be eligible for unemployment.

Generally, laborers like contractors, independent specialists, and independently employed specialists are not likely qualified for any joblessness benefits. 

Some managers recruit workers to contribute their assets for the joblessness protection benefits. On the off chance that you are a provisional laborer, you won’t get any of the advantages that an everyday specialist gets. In this way, you must pay an independent work charge for the pay procured by you. 

Additionally, If you were misclassified as a self-employed entity when you were a representative, at that point, you might be qualified for joblessness.

Each state follows its own one of a kind arrangement of rules regarding the grouping of workers and self-employed entities. If you are chipping away at a venture premise like looking for Instacart, at that point, you are to be called a self-employed entity. 

Then again, if you are a piece of workforce conferences detailing day by day work hours, you can be a worker. Plus, if you get broad management and preparing from your boss, at that point, that tallies under it. It implies that you were a rule, wrongly named an autonomous provisional laborer, and ought to get joblessness benefits. 

If you are a contractor, you won’t be qualified for joblessness if you somehow get terminated. It involves working for Instacart, DoorDash, or gig work of another sort. 

What amount will my joblessness check be on the off chance that I work low maintenance for Instacart? 

It relies upon a no. of components. For instance, on how much joblessness you get or on the amount you are making while at the same time looking for Instacart. 

The joblessness benefits are ordinarily surveyed dependent on wages acquired during the last four quarters worked by you. Presently, these advantages are equivalent to half of the wages procured during that time span, with a cap on the sum got by you. There is normally a cap on the sum you can get and how long you can get it. For instance, you might be qualified to get a sum of $8,000 in advantages or for a half year. Whichever starts things out to you. 

In this video below, let us learn more about Instacart self-employed taxes:

Additionally, the measure of pay you are allowed to make before benefits are diminished or killed will contrast from state to state. 

For example, in Idaho, working low maintenance will decrease advantages that week as long as their income is not 1.5 occasions or more prominent than the week by week joblessness advantage sum. However, long your wages are not exactly 50% of your joblessness benefits; your advantages will remain pure, serene, balanced,  and unblemished. 

Your neighborhood joblessness office should keep the arrangement of rules for low maintenance work spread out. 

Did I answer all you needed to think about whether working for Instacart will influence joblessness benefits? 

While Unemployment benefits appear to be charming to me, they contain a small amount of what you were making at your last work. 

Getting utilized for an agreement position, such as working for Instacart, may affect your joblessness benefits extraordinarily. Regardless of whether it supplements your pay, anticipate a few advantages. 

So while you work for a 1099 work, you need to straightforwardly report your pay procured to the joblessness office. It might cause some decrease in your joblessness benefits; however, you won’t be ineligible for it. Moreover, you can’t petition for joblessness if you get terminated any day from a 1099 work. Wishing you favorable luck and achievement, I trust that you use your time and aptitudes extraordinarily.

In the world of finance, TTM stands for Trailing Twelve Months based on the article What does TTM Mean.

What is TTM?

Trailing Twelve Months (TTM) is a consolidated report of a company’s performance for the past 12 consecutive months.

How is it derived?

Trailing Twelve Months (TTM) is derived from a company’s interim or quarterly, or annual reports.

What is TTM used for?

Trailing Twelve Months (TTM) is calculated to measure a company’s financial performance, i.e., income and expenses.

Why is TTM extremely useful for investors?

Trailing Twelve Months (TTM) is extremely useful for the investors because it provides the latest annualized numbers and factors out the seasonal volatility of quarterly numbers.

Investors need to remember that Trailing Twelve Months (TTM) may or may not coincide with a fiscal-year ending period.

How can you calculate it?

Suppose Amazon has released the Q2 reports of 2020.

To calculate the Trailing Twelve Months (TTM) for Amazon, you need to have the followings:

• 2019’s Q3 and Q4.
• 2020’s Q1 and Q2. 

Formula:

Trailing Twelve Months (TTM)= Q (latest) + Q (1 quarter ago) + Q (2 quarters ago) + Q (3 quarters ago)

In Amazon’s case, it will be:

Q2 (2020) + Q1 (2020) + Q4 (2019) + Q3 (2019)= Trailing Twelve Months (TTM)

Advantage & Disadvantage of Trailing Twelve Months (TTM):

Advantage:

It helps investors and financial institutions scrutinize a company based on the latest 12-months’ financial performance.

Disadvantage:

Businesses that encounter volatile seasons might face a problem in deriving TTM. It is because the values of their financial data can undergo quick change.