Prev Next  

Advertisement

What are the tax subsidies from the Affordable Care Act?

Lots More Information

Author's Note: What are the tax subsidies from the Affordable Care Act?

Most Americans probably haven't read the full text of the Patient Protection and Affordable Care Act to get a handle on the law and how it impacts their health care and costs. Never mind the legal language; just the table of contents itself is an unfriendly 30 pages. The PPACA is a monster, and it's not surprising that many Americans — and even politicians — don't fully know (or understand) everything that's in there. Despite having written several articles about the law, before and after it took effect, there continue to be surprises for me every time I dive into it. For instance, this time I learned that if you're married and you want to claim the premium tax credit, you better not file as married filing separately. Noted, IRS, noted.

Related Articles

Sources

  • Center on Budget and Policy Priorities —- Health Reform: Beyond the Facts. "Key Facts You Need to Know About: Cost-Sharing Reductions." Sept. 25, 2013. (Oct. 24,2014) http://www.healthreformbeyondthebasics.org/cost-sharing-charges-in-marketplace-health-insurance-plans-part-2/
  • Hamel, Liz; Firth, Jamie; DiJulio, Bianca; and Brodie, Mollyann. "Kaiser Health Tracking Poll: October 2014." Kaiser Family Foundation. Oct. 21, 2014. (Oct. 24, 2014) http://kff.org/health-reform/poll-finding/kaiser-health-tracking-poll-october-2014/
  • Health Insurance Marketplace. (Oct. 24, 2014) https://www.healthcare.gov/
  • Internal Revenue Service (IRS). "Affordable Care Act - Individuals and Families: Premium Tax Credit." Pub. 5152, rev. 8-2014. (Oct. 24, 2014) http://www.irs.gov/pub/irs-pdf/p5152.pdf
  • Internal Revenue Service (IRS). "Affordable Care Act Tax Provisions." Oct. 24, 2014. (Oct. 24, 2014) http://www.irs.gov/uac/The-Premium-Tax-Credit
  • Internal Revenue Service (IRS). "Affordable Care Act Tax Provisions for Individuals and Families." June 3, 2014. (Oct. 24, 2014) http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions-for-Individuals-and-Families
  • Internal Revenue Service (IRS). "Facts about the Premium Tax Credit." Pub. 5150, rev. 4-2014. (Oct. 24, 2014) http://www.irs.gov/pub/irs-pdf/p5120.pdf
  • Internal Revenue Service (IRS). "Questions and Answers on the Individual Shared Responsibility Provision." Oct. 1, 2014. (Oct. 24, 2014) http://www.irs.gov/uac/Questions-and-Answers-on-the-Individual-Shared-Responsibility-Provision
  • Internal Revenue Service (IRS). "The Premium Tax Credit." Sept. 4, 2014. (Oct. 24, 2014) http://www.irs.gov/uac/The-Premium-Tax-Credit
  • Kaiser Family Foundation. "Explaining Health Care Reform: Questions About Health Insurance Subsidies." July 1, 2012. (Oct. 24, 2014) http://kff.org/health-costs/issue-brief/explaining-health-care-reform-questions-about-health/
  • ObamaCare Facts. "How Will ObamaCare Affect Me?." (Oct. 24, 2014) http://obamacarefacts.com/how-will-obamacare-affect-me.php
  • ObamaCare Facts. "ObamaCare Subsidies." (Oct. 24, 2014) http://obamacarefacts.com/obamacare-subsidies.php
  • Mangan, Dan. "Many uninsured clueless about Obamacare enrollment." CNBC. Oct. 21, 2014. (Oct. 24, 2014) http://www.cnbc.com/id/102103348
  • Robak, Warren. "11 million will lose health insurance if ACA subsidies are eliminated, study finds." RAND Corporation. Oct. 21, 2014. (Oct. 24, 2014) http://www.eurekalert.org/pub_releases/2014-10/rc-1mw101714.php
  • The White House. "Health Care that Works for Americans." (Oct. 24, 2014) http://www.whitehouse.gov/healthreform/healthcare-overview#affordable-coverage
  • U.S. Department of Health & Human Services (HHS). "Enrollment in the Health Insurance Marketplace totals over 8 million people." May 2, 2014. (Oct. 24, 2014) http://www.hhs.gov/news/press/2014pres/05/20140501a.html
  • U.S. Department of Health & Human Services (HHS)."Read the Law." (Oct. 24, 2014) http://www.hhs.gov/healthcare/rights/law/
  • U.S. Department of Health & Human Services (HHS) - Office of The Assistant Secretary for Planning and Evaluation (ASPE). "2014 Poverty Guidelines." Jan. 22, 2014. (Oct. 24, 2014) http://aspe.hhs.gov/poverty/14poverty.cfm
  • U.S. Department of Health & Human Services (HHS). "The Affordable Care Act is Working." Oct. 7, 2014. (Oct. 24, 2014) http://www.hhs.gov/healthcare/facts/factsheets/2014/10/affordable-care-act-is-working.html

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement


Advertisement


Recommended

Advertisement

Advertisement