Beginning after 2016, the penalty will be increased annually by the cost-of-living adjustment. The penalty will be phased-in according to the following schedule: $95 in 2014, $325 in 2015, and $695 in 2016 for the flat fee or 1.0% of taxable income in 2014, 2.0% of taxable income in 2015, and 2.5% of taxable income in 2016. Those without coverage pay a tax penalty of the greater of $695 per year up to a maximum of three times that amount ($2,085) per family or 2.5% of household income. citizens and legal residents to have qualifying health coverage. Expand Medicaid to 133% of the federal poverty level. Impose new regulations on health plans in the Exchanges and in the individual and small group markets. Require employers to pay penalties for employees who receive tax credits for health insurance through an Exchange, with exceptions for small employers. Create state-based American Health Benefit Exchanges through which individuals can purchase coverage, with premium and cost-sharing credits available to individuals/families with income between 133-400% of the federal poverty level (the poverty level is $19,530 for a family of three in 2013) and create separate Exchanges through which small businesses can purchase coverage. citizens and legal residents to have health insurance. Overall approach to expanding access to coverage Patient Protection and Affordable Care Act (P.L.
The following summary of the law as originally enacted focuses on provisions to expand coverage, control health care costs, and improve health care delivery system.
On March 23, 2010, President Obama signed comprehensive health reform, the Patient Protection and Affordable Care Act, into law. 14, 2018, a federal judge in Texas ruled that this change to the law’s individual mandate made the entire law itself unconstitutional, though that decision has no effect as the case works its way through the appeals process. Compare those plans here. As part of the Tax Cuts and Jobs Act of 2017, Congress eliminated the Affordable Care Act’s tax penalty for most people who are not covered by health insurance effective in 2019. Note: President Trump and Republicans in Congress have pledged to repeal and replace the Affordable Care Act, and unsuccessfully advocated several proposals to do so in Congress in 2017.
0 kommentar(er)
