The Affordable Care Act (ACA) requires each and every member of every family to have qualifying health insurance; sometimes referred to as Minimal Essential Coverage. You can be exempted from this requirement (for religious or other reasons), or else make a shared responsibility payment when you file your federal tax return. 349 more words
Tags » Health Care Tax
If you are an employer, the number of employees in your business will affect what you need to know about the Affordable Care Act (ACA). 481 more words
As part of the Affordable Care Act, a new tax was created. It is the 3.8% Medicare Surtax. It was included in the Act to help cover the cost of the credit given to people with lower incomes to help with health insurance expense. 237 more words
Whether you’re self-employed or run a small business, here’s a quick look at what you need to know about the Affordable Care Act.
If you run an income-generating business with no employees, then you’re considered self-employed. 1,070 more words
New and existing small employers who do not yet benefit from the Small Business Health Care Tax Credit should look into whether the credit can help them provide insurance to their employees. 329 more words
For those of us in the workplace, the annual open enrollment/renewal period for health insurance is a familiar year-end ritual. It is no different for individuals who have elected to purchase their health insurance through the Health Care Marketplace. 162 more words