FAQ - I come for premium tax credits

9:29 PM
FAQ - I come for premium tax credits -

premium tax credits for the majority of individuals and families to available? who do not receive insurance through work. A frequently asked question is: "Am I going to get for the premium tax credit?" This article gives an overview of the premium tax credit eligibility. Premium_Tax_Credit_Eligibility

What are the premium tax credits are?

The premium tax credits reduce the cost health insurance for those who come into consideration. The discounts are for reporting purposes Insurance Market your state (see this Marketplace Directory) acquired through. The premium tax credits are also health insurance called tax subsidies.

Am I eligible for a premium tax credit?

If you meet certain income requirements and have no access to affordable health insurance through your employer or another government program, then you will probably qualify for a premium tax credit.

permission on a standard based as "federal poverty level" (FPL). Your tax credit caps the cost of health insurance between 2% and 9.5% of annual household income, depending on how much money you make in the FPL relative.

individuals and families who earn 400% of FPL may be considered. This causes a person to $ 46,680 in 2014 to earn and a family of four to $ earn up 95400 2014

Premium_Tax_Credit_Chart_2014

How much are the premium tax credits

, the premium tax credits, the cost of your health insurance, an upper limit of 2% -. 9.5% of household income, if your household income up to 400% above the federal poverty level (FPL)

For example, if you are single and $ 25,000 / year in 2014 to make (218% FPL), you pay for a silver-health insurance is $ 258 / month (6.92% of income).

There are several online calculators available, like this one.

how can I credit premium tax?

to obtain a premium tax credit, you must purchase health insurance through your state marketplace.

receive any government website, where you can compare policies, enroll in a plan, and the premium tax credit. A licensed health insurance broker is a great resource for the help of a health plan to select. your state marketplace Check out here.

How can my employer help?

Your employer can help with the cost of your individual health insurance, and allows you to qualify for premium tax credits into account, by a plan to to refund of your premium costs.

This type of plan is called a defined contribution plan, premium refund program or a healthcare reimbursement plan.

look at this example of how employers can help.

Questions about eligibility for premium tax credits? Leave to answer your comments and we will help them.

Guide to Free Health Insurance Subsidies

Previous
Next Post »
0 Komentar