Trying to sift through changes and updates in health care laws can be a long and arduous task, so to save you valuable time, I’ll be laying out some of the basics of the Affordable Care Act in my next couple of blog posts.
First, you need to get health insurance coverage if you haven’t already done so. For 2014, the IRS’ qualifying forms of health care coverage include:
- health insurance coverage provided by your employer (including COBRA and retiree coverage),
- health insurance coverage you purchase through a Marketplace,
- Medicare, Medicaid or other government-sponsored health coverage including programs for veterans, or
- coverage you buy directly from an insurance company.
If your coverage does not qualify, you could face fines when you file taxes in 2015, so make it your goal this month to do your homework and find out what you need. Then you can check it off your list!
Keep reading our blog for more information on health care and the Affordable Care Act!
