The IRS grants an exemption from the Shared Responsibility Payment (tax penalty for being uninsured with a MEC plan) if the lowest premium of an available Bronze plan exceeds 8% of a Household’s Income. The median household in the US is roughly $52,000, so for the average America...
According to The Department of Health and Human Services, returning customers to HealthCare.gov can save if they switch to the lowest-cost plan within their coverage level. But experts say the monthly premium is misleading. They say quality and coverage of health plans makes exc...
Did you know that a living benefits life insurance policy could pay for the costs of Dementia care?
People with dementia — especially those with Alzheimer's disease — often live for years after reaching the point where they need 24-hour care, leaving families in an emotional, fin...
The Affordable Care Act Shared Responsibility Payment for Not Maintaining Minimum Essential Coverage can be read, in its entirety, here
The highlighted section in the image is the language that makes the "penalty" uncollectable by any means other that from overpayment of taxes.
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