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Show 8 Hilltop Times June 30, 1994 Dental plan uWD: rates increase AURORA, Colo. (AFNS) The Defense Depart- ment's Active-DutDependents Dental Plan will increase its monthly premiums Oct. 1, CHAMPUS y officials announced. The increase will be assessed beginning with the September 1994 payroll deduction for active-dut- y military sponsors. The new premiums will be $10 for one enrolled active-dut- y member, and $20 for active-dut- y sponsors with two or more enrolled family members. The increases are 35 cents and 70 cents, respectively. The premium increase is the first in more than a year and a half, officials said. The government, which picks up 60 percent of the total costs of the plan for enrolled families, will pay a larger portion of the overall premium increase. Active-dut- y military sponsors will see the premium increase reflected in their September. 1994 Leave and Earnings Statements. Families who are signed up for the plan by their military sponsors on or after Sept. 1 will-benrolled at the higher premium. The plan covers the full cost of diagnostic services (exams, cleanings, and 80 percent of basic restorative procedures (such as fillings) and sealants. It pays 60 percent of the costs of more complex services such as root canals, gum surgery and oral surgery. The plan pays 50 percent of the costs of crowns, dentures and bridges and braces for family members through age 18. Coverage is subject to certain limitations. Families who go to one of the 117,000-plu- s dental offices nationwide that participate in the plan won't be charged more than the required if any, for services covered by the plan, officials said. These dentists will be paid directly by DDP Delta, the contractor which operates the program for the government. Family members may also be treated by any licensed dentist of their choice, but they may be charged more for the care, and may have to file the claims with DDP Delta themselves. More information about the dental plan is available through the health benefits advisor, Ext. e X-ray- s) says may nor deduef seller-pai- d poinis The new treatment of seller-pai-d points will rethe payment lenders include to loan home quire amounts on Form 1098 information returns. Lenders must provide these amounts to both IRS and taxpayers. To allow lenders enough time to prepare, however, IRS is waiving the information-reportin- g points before requirement for seller-pai- d by U.S. Army Sgt. 1st Class Stephen Barrett' American Forces Information Service Persons who bought their homes after Dec 31, 1990, can file for an income tax deduction based on points paid to the lender. This includes seller-paipoints, according to an Internal Revenue 1995. . Service press release.. Homeowners who requested filing extensions v In the change, IRS now considers points paid should claim the deduction by including the the to as an seller adjustment by the property home purchase price. The seller pays the buyer, amount paid on Line 9a on the Schedule A of the who in turn uses the cash to pay points charged 1993 Form 1040. This action applies if the points ' were reported to the individual on Form 1098; If to the lender. To qualify for the deduction, homeowners must points weren't reported, the claim goes on Line provide IRS a copy of the Uniform Settlement 10. That Taxpayers finished with their 1993 returns and Statement, often known as the "HUD-1.- " statement must clearly designate the amount of those entitled deductions for points paid in 1991 on Form points paid. Terms such as "loan organization and 1992 should file amended returns fees" (including amounts designated on Veterans 1040X. Homeowners should write "seller-paicorner, of the form. Affairs and Federal Housing Administration points" in the top right-hanloans), "loan discount," "discount points" or Taxpayers filing amended returns should at"points" fulfill this requirement. The points on tach a copy of the HUD-- statement settlement HUD-- 1 are shown as paid by either the borrower and a Form 1040 Schedule A.. IRS recommends a Schedule A for those who itemized their tax or seller funds at settlement. Also, amounts must conform to established returns, Revenue Procedure business practices of charging points for a princontaining more incipal residence loan. The points charged must not formation is available in the April 11 Internal exceed the amount generally charged in that par- Revenue Bulletin. To get a copy, call IRS or write to: at ticular area. 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