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Older Americans and Seniors – What the ACA Means for You

Older Americans and Seniors – What the ACA Means for You - TaxACT

What does the Affordable Care Act mean for older Americans? If you’re 65 or older and on Medicare, you can keep your plan. Medicare’s basic structure hasn’t changed, although the Affordable Care Act (ACA) makes some important benefit improvements. If you’re too young for Medicare and don’t have access to health insurance through an employer, […]

How the Affordable Care Act Affects Low Income People

How the Affordable Care Act Affects Low Income People - TaxACT

Location, location, location; they’re often said to be the three most important factors determining the value of real estate. Location also matters greatly for low income Americans hoping to get health insurance through the Affordable Care Act (ACA). The ACA aims to cover 21.3 million low income uninsured Americans through expansion of the federal- and […]

You Have Insurance. So What Does the ACA Offer You?

You Have Insurance. So What Does the ACA Offer You? - TaxACT

Do you have health insurance through work? For you, the question might be: Do I need to use the healthcare marketplaces that are part of the Affordable Care Act, sometimes called Obamacare? The simple answer is: No, you probably don’t need to. It’s possible, however, that you might want to. A Job-Based Plan If you […]

How to Enroll in the Affordable Care Act 101

How to Enroll in the Affordable Care Act 101 - TaxACT

How do you enroll for a health insurance plan through the healthcare marketplaces? Now that the health insurance marketplace website is running better, let’s review the options for signing up for health insurance. Navigating HealthCare.gov First, you actually have the option of window-shopping at healthcare.gov. On the main page is a circle that reads: SEE […]

Unemployed: What the Affordable Care Act Means For You

Unemployed: What the Affordable Care Act Means For You - TaxACT

Have you been struggling with access to health insurance since losing your job? Are you concerned that your COBRA coverage may run out soon? Daunted by the cost of obtaining a continued health insurance policy under HIPAA? Fear not – with the rollout of the new health insurance exchanges, or marketplaces, under the Affordable Care […]

The Advantages of the Affordable Care Act for the Self-Employed

The Advantages of the Affordable Care Act for the Self-Employed - TaxACT

What advantages does the Affordable Care Act offer to the self-employed? Three significant advantages under the ACA: The potential for an easier shopping experience, The possibility of financial subsidies, and The ability to easily compare one plan against another. Comparing Health Insurance Options Comparing health insurance options from several health insurers will be much different […]

Single Parents and the Affordable Care Act

Single Parents and the Affordable Care Act - TaxACT

What Does the Affordable Care Act Mean for Single Parents? The answer depends on whether a single parent is employed (or technically an employer offers affordable health insurance) or not. Self-employed single parents or those with no access to employer-sponsored health insurance can shop anywhere for coverage. Experts recommend, however, that single parents start shopping […]

What the Affordable Care Act Means For Families

What the Affordable Care Act Means For Families - TaxACT

If you had access to health insurance for your family, regardless of where you worked or whether you were employed, would you and your spouse still be doing what you are doing now, and working where you are today? For a number of families, the answer to this question is a resounding “no.” Thanks to […]

4 Health Insurance Options for Young Adults

4 Health Insurance Options for Young Adults - TaxACT

Will they or won’t they? That’s the often-posed question about young people and health care reform. That is, will healthy young people sign up for health insurance in the marketplaces created under the Affordable Care Act (ACA), or will they stay away in droves? The Obama Administration and insurance companies are relying on enrollment by […]

Affordable Care Act 2014 Premium Tax Credit and Penalties

Affordable Care Act 2014 Premium Tax Credit and Penalties - TaxACT

Can provisions of the Affordable Care Act help you pay for health insurance coverage? Yes! Starting January 1, 2014, you are generally required to have adequate health insurance or pay a penalty. The good news is that if your income is within certain limits, you may qualify for an advanced premium tax credit to help […]

4 Health Insurance Plans Included in the Affordable Care Act

4 Health Insurance Plans Included in the Affordable Care Act - TaxACT

What types of health insurance plans are available through the Affordable Care Act? What kind of insurance plans will you find on the health insurance marketplace? The simple answer to both questions is: all kinds. All plans available are required to offer 10 basic coverage areas, which include hospitalization, outpatient care prescription drugs and laboratory […]

Affordable Care Act: 4 Ways to Get Health Insurance and Picking the Right One

Affordable Care Act 4 Ways to Get Health Insurance and Picking the Right One - TaxACT

What is the one thing you want to own, but hope you never use? That would be health insurance! In fact, the average three-day hospital stay costs $30,000, which would completely wipe out most families’ savings accounts and/or children’s college funds. Buying health insurance is an important way to protect you and your family in […]

What is a Health Insurance Marketplace and Who Should Care?

What is a Health Insurance Marketplace and Who Should Care - TaxACT

What is a health insurance marketplace? Also known as health insurance exchanges, a health insurance marketplace is part of the Affordable Care Act (ACA), better known as healthcare reform. The marketplace is an online store where people can shop for health insurance, compare the various plans, and enroll in a plan. Starting January 1, 2014, […]