Affordable Healthcare Act: What you need to know now
THE AFFORDABLE HEALTHCARE ACT: This Act puts individuals, families, and small business owners in control of their healthcare. It reduces premium costs for millions of working families and small businesses by providing hundreds of billions of dollars in tax relief. The Affordable Healthcare Act is the largest middle class tax cut for healthcare in history. It was passed by Congress and then signed into law by the President on March 23, 2010. On June 28, 2012 the Supreme Court rendered a final decision to uphold the healthcare law. (Source: www.healthcare.gov)
TITLE IV: This title of the Act will promote prevention, wellness, and the public health; it provides an unprecedented funding commitment to these areas. It directs the creation of a national prevention and health promotion strategy that incorporates the most effective and achievable methods to improve the health status of Americans and reduce the incidence of preventable illness and disability in the United States. (Source: www.healthcare.gov)
THINGS YOU DIDN'T KNOW: Tax credits to help the middle class afford insurance will become available for those with income between 100% and 400% of the poverty line who are not eligible for other affordable coverage. The tax credit is advanceable, so it can lower your premium payments each month, rather than making you wait for tax time. It’s also refundable, so even moderate income families can receive the full benefit of the credit. (Source: www.healthcare.gov)
* For More Information, Contact:
Former Insurance Company Executive
President of Wendell Potter Company
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