Health Insurance Premium Tax Credit

In 2014 - Health Insurance Premium Tax Credit

This is a nice idea, a premium tax credit to help folks afford health insurance.
It will be available to families and individuals alike starting in 2014.

Too bad we have to wait but at least it is coming.

Many individuals who are barely getting by financially will have hope for health insurance and this will surely save lives as people often avoid medical treatment that they can't afford when they are uninsured.

The deal involves insurance bought through one of the companies in the Affordable Insurance Exchange that will operate in all 50 states and District of Columbia.

The wonderful part for poor folks is that the credit is a refundable one so that even if you don't have to pay tax you can get a credit paid out to you or paid out directly to the insurance company beforehand so that you don't have to worry about it.

The operation will be run by the Department of Health and Human Services.
The plan will have a choice of health plans that vary in benefit and costs.