Sunday, October 27, 2013

Resources

IRS website: IRS.gov/aca

HHS website: http://Healthcare.gov

SBA website: http://SBA.gov/healthcare

DOL website: http://DOL.gov/ebsa/healthreform

Business USA Website: http://Business.USA.gov/healthcare

Looking ahead to 2014

Premium Tax Credit: To claim the premium tax credit, you must get insurance through the Marketplace. You can elect to have advance payments of the tax credit sent directly to your insurer during 2014, or wait to claim the credit when you file your tax return in 2015. If you choose to have advance payments sent to your insurer, you will have to reconcile the payments on your 2014 tax return filed in 2015. Learn More.

Individual Shared Responsibility Payment: Starting January 2014, you and your family must either have health care coverage, have an exemption from coverage, or make a payment when you file your 2014 tax returnin 2015. Most people already have qualifying health care coverage and will not need to do anything more than maintain that coverage throughout2014. Learn More.

Change in Circumstances: If you are receiving advance payments of the premium tax credit to help pay for your insurance coverage, you should report changes such as income or family size to your marketplace. Reporting changes will help to make sure you are getting the proper amount of assistance.

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