It does not matter where you live – you can be eligible for a tax credit on your health care costs.
The insurance reforms of the Affordable Care Act provide tax provisions for individuals, families, businesses, and many more. Read further and discover the benefits of Affordable Care Act. The law sets certain standards that all insurers must meet, and mandates that all health insurance plans offered to those who buy health insurance on their own or in small groups include a set of “essential health benefits”.
The benefits of Affordable Care Act for Families and Individuals:
When a family or individual file their tax return, they must report that they have authorized health insurance coverage. Having eligible health coverage and paying your premium (your payment for the health coverage) can qualify you for a premium tax credit. It does not matter where or how you signed up for your insurance.
The key to this is authorized health insurance. This means the insurer you chose, be it through a state agency, or federal government exchange (where the federal government offers insurance from different companies) must have approved health coverage for you and/or your tax family.
This is where Health Plans in Oregon comes in. We make sure your health coverage plan is right for you and your tax family and recognized by the Affordable Care Act. A health plan must cover essential health benefits.
A tax family is recognized as any group of people who share in the same tax filing. For instance, a grandmother may include (on her tax return) her grandchildren and daughter in law if she supports them.
A tax family will also include a LGBT family that share tax filing. They may be married or not; (Supreme Court ruled today overturning the ban on “gay marriage as illegal.”) The same definition of tax family and eligible tax credits apply to any two people who share a tax filing.
The Affordable Care Act (ACA) benefits you depending on your insurance status.
Here are the Qualifications in having the benefits of Affordable Care Act:
If you don’t have health insurance:
Individuals, families and business owners that don’t have any health insurance coverage may be eligible for tax credit or financial assistance to help pay for health insurance. The financial assistance is a sliding scale, the less money someone makes, the more financial assistance he or she gets. To find out how much financial assistance you qualify for, CALL NOW-503-998-6169 for FREE CONSULTATION AND FAST SERVICE!
If you have a Private Insurance:
Most of Oregonians, already have a private health insurance, Obamacare or Affordable Care Act (ACA) doesn’t change that, but instead it makes your insurance better and more affordable because today your insurance company can no longer waste your premium on CEO salaries and overhead costs. They must also use at least 80% of your premium for health services and improving care. They also have to justify any increase to your premium before an independent panel, this will keep your rate down. This will allow you to shop for more affordable coverage through Cover Oregon. There are over 200 plus health plans on Cover Oregon.
If you have a Medicare:
Your Medicare benefits in Oregon that you already received is strengthen by Obamacare or Affordable Care Act (ACA). People enrolled in traditional Medicare will save an average of $4,200 in health care expenses over the next 10 years. You will also have an access to annual wellness visits with your doctor, free of charge. If you were placed into Medicare’s coverage gap for prescription drugs, you now get a 50% discount on branded name drugs and also by 2020, the doughnut hole will close for good.
If you have a Medicaid:
You don’t need to apply if you already have Oregon Health Plan.
If you don’t have Insurance:
The health care law will help almost all of uninsured Americans to get the coverage. If you have a pre-existing condition you can get coverage through the new Pre-Existing Condition Insurance Plan (PCIP).
Health Plans in Oregon can help you get information about private plans, public coverage options in your state, and resources to help you find no cost or discounted care — benefits of Affordable Care Act.
Get free help from your local, licensed, certified, 5 star reviews and well experienced licensed insurance agent.