Health Care Reform

Today, the White House announced a delay in the employer mandate under the Affordable Care Act, which requires employers to provide health insurance coverage to their employees or pay a penalty, however this will not impact the individual mandate which requires most uninsured Americans to purchase health insurance by March 31, 2014.

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Intuit TurboTax created a health care calculator to help you find out if you’re eligible for health insurance through a state or federal Marketplace, Medicaid, or Medicare or if you’re already set with your existing health insurance plan. It will also let you know, if you qualify for a tax credit or subsidy from the government to help you purchase your health insurance. Check it out to learn how health care reform impacts you so that you can make the best decisions for your health and your wallet.

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The new healthcare reform law, also known as the Affordable Care Act, brings with it some terms that may be unfamiliar. Not to worry – we’re here to help decode the jargon.

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Beginning in 2014, you’ll start seeing some changes to your taxes if you purchase your healthcare coverage at a health insurance Exchange. This won’t affect your taxes if you are already covered by your employer, Medicare, or Medicaid.

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Starting to hear more about health care reform? You’re not alone. And you may be hearing some conflicting information about what you need to do and when you need to do it. At TurboTax, we’re here for you every step of the way so we’ve got the basic facts that you need to know.

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