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Posts Tagged ‘health insurance’

Providing Obamacare Financial Help Difficult Due to Error by Filers

Under the Affordable Care Act, eligible individuals and families with low or moderate income that cannot afford to purchase healthcare through the Health Insurance Marketplace can use the premium tax credit (PTC) to pay for health insurance. This refundable credit is received in advance. However, those claiming this credit are required to file a tax return. Many of the people, roughly 1.4 million households, who claimed the PTC ...

Thousands Risk Losing Health Care Subsidies Following Failure-to-File

October 27, 2015  |   Tax Advice,Tax News   |   Tags: , , , ,  

Thousands Risk Losing Health Care Subsidies Following Failure-to-File Tens of thousands of people who did not file their tax returns this year are at risk of losing health insurance subsidies in January. Many of those who did not file tax returns are low-income individuals that may find it difficult to afford health care without a subsidy. It is a federal requirement that anyone who makes use of an insurance ...