Tag Archives: Affordable Care Act
A rule announced by the Biden administration will make it simpler for families with at least one member who receives health insurance from a job to qualify for Affordable Care Act subsidies that lower monthly rates. If a person qualifies for affordable employer coverage that complies with minimum coverage requirements, they are not eligible for […]
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The Affordable Care Act, also known as Obamacare, included the premium tax credit at its inception to assist Americans of lower and middle incomes in paying for health insurance obtained through the healthcare marketplace, HealthCare.gov or a state exchange. By using the credit to reduce the cost of health insurance, more people are able to […]
— Read moreBig changes may await the Affordable Care Act in 2017, however all requirements and provisions in relation to taxes remain relevant for 2016 returns. As tax season begins, the Form 1095-A, Health Insurance Marketplace Statement will play an important role when you file your tax return. You should also be aware that this tax year […]
— Read moreIn 2014, the Affordable Care Act made some significant changes to American’s tax returns. You’re likely still getting used to the whole lot of regulations and requirements, which means you may not be completely familiar with the Premium Tax Credit. Anyone who purchased health insurance coverage through the Marketplace may be eligible for help with […]
— Read moreThis year, the Affordable Care Act will affect your tax return. If you are one of the millions of Americans who purchased health insurance through the Marketplace, you may qualify for tax assistance that can help lower the amount of your monthly premiums. The premium tax credit allows taxpayers to choose whether to pay the […]
— Read moreThis year, you should be aware of the Individual Shared Responsibility Provision of the Affordable Care Act, especially when you file your tax return. This provision requires every taxpayer to be covered by a qualifying health care plan every month of the tax year, unless they qualify for a coverage exemption. You also have the […]
— Read moreThis year, income tax time can become quite a headache if you’re not familiar with the health insurance requirements. The Affordable Care Act, also called Obamacare, affects just about every American at tax time. This is due to a mandate that requires every taxpayer to have health insurance, along with a subsidy to help lower […]
— Read moreMinimum Essential Coverage is the health care plan that meets the lowest requirements of the Affordable Care Act, and will help taxpayers avoid penalties assessed for not having insurance. Taxpayers must have minimum essential coverage during the tax year, or they can face a fee for each month that they aren’t covered. However, there is […]
— Read moreBefore you file your 2014 federal taxes, you should be aware of how the Affordable Care Act will impact your return. Depending on if you have health care coverage and where you received it from, you may notice a larger impact this tax season. Many taxpayers have healthcare coverage through their employers, government provided plans […]
— Read moreHealth insurance premiums can be expensive, but thankfully there is a tax credit that can help offset the cost for moderate income families. There are three requirements that must be fulfilled in order to claim the premium tax credit: Health insurance coverage must be obtained through the Health Insurance Marketplace. You can choose a plan […]
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