Owner, Best Health And Car Insurance Rates - Instant Online Quotes, US
Health insurance coverage is subsidized if your income is below specific levels. It is possible that you may qualify for Medicaid or CHIP (if you are a child) depending on your household income.
In 2014, federal tax subsidies will subsidize many individuals and families that meet the new Federal guidelines from the Affordable Care Act.
All Americans will be required to have health insurance, but not all will pay for health insurance. The health care legislation is based on means testing, so the poor won’t pay anything and the middle class could have subsidies. Because it is a federal program, all shortfall of the legislation will be paid be federal tax payers, i.e. only half the country. Starting in 2014 Obamacare will be operational. It’s success or failure will drive the 2014 midterm elections.
Robert J Russell - Finalist for Broker of the Year 2015
Broker Owner, InsuranceAgentsSelling.com, United States (Most States)
Maybe the question should be - Am I eligible for a health insurance subsidy? First what is a subsidy and what does it do? A subsidy is financial assistance that helps you pay for something. It's not a loan; you don't pay it back. There are two kinds of subsidies available from the federal government for individual health insurance plans. The Advanced Premium Tax Credit lowers your monthly health insurance payment, or premium
.JPG){kind=avatar}
In 2014, federal tax subsidies will subsidize many individuals and families that meet the new Federal guidelines from the Affordable Care Act.