5 Myths About Health Insurances


Health Insurance Myth 1:Everyone will qualifies for subsidies under Health Care Reform.

The Simple answer is NO Everyone Will be not be Qualified for subsidies under Health Care Reform. There will be too hard or even too silly to Qualify for the health insurance Subsidies

According to Affordable care Act who enroll in the policy will be eligible for for the subsidy to help pay for their Hospital Bills. However in some cases there will be  some people who are ineligible for the subsidies Based on there income level the ineligibility will occur, Generally in two cases this will occur.

  1. If your income is 400% above the federal poverty level: If your personal or whole family income is 400% above the federal poverty level then if you enroll also you will be ineligible for the subsidy

b. If your income is 100% below the federal poverty level: If your personal or whole family income is 100% below the federal poverty level then also u will not be eligible for the subsidy. However this act varies from state to state.

Health Insurance Myth 2: If my company provides the insurance for my whole family health plan it must meet the Affordable Care Act’s(ACA) guidelines for affordability 

Again the simple Answer is NO

Based upon the Affordable Care Act(ACA) health insurance provided by the company it should not exceed 9.5% of the employee’s gross income to be make as affordable. it may change based on Your Relationship Status like married or not or having children or not, if your are married the cost to cover Your wife beyond Yourself under your company’s Health plan may exceed 9.5%  of your gross income without violating Affordable care act.


Health Insurance Myth 3:  if I live alone or with my family regardless of that can I claim dependents on taxes.

Again the simple Answer is No

The federal authorities uses tax statistics to outline family sizes for cheap care act coverage. Even though a established does not stay for your family, if you claim them in your tax return, they depend closer to your family length at some point of the tax 12 months they are claimed. For instance, if you and an ex-partner live apart and change the years in which you claim a based child, you’re considered a family of two in the course of the tax years you declare the child, even if the kid is not frequently dwelling with you.

Health Insurance Myth 4: If I married some one can i automatically include them in my family size.

Again the simple Answer is NO

The federal authorities makes use of tax information to outline household sizes for inexpensive care act coverage. Even if a person lives with you, in case you do now not document them as a partner or a structured, they are no longer counted in the direction of your family size. Roommates, kids you do no longer declare as dependents, or elderly circle of relatives participants who are not claimed as dependents for your tax return do now not depend toward your family size. As an example, in case you make $forty,000 and your aged father lives with you – however you do not claim your father to your tax return as a based – then you are considered a household of 1 with an profits of $40,000.

Health Insurance Myth 5:My spouse and i must undergo low-cost care act enrollment one after the other, to qualify for larger person subsidies.

Again the Simple Answer is No,

Here is why,

The top rate tax credit provided underneath health care reform (i. E. Health insurance top rate subsidies) are based on household size and total household profits. For the duration of affordable care act enrollment, the information you input should match what is filed to your tax return. The low cost care act (aca) requires that married couples document their taxes at the same time which will qualify for medical health insurance premium subsidies. Because of this spouses should additionally observe for low-cost care act coverage coverage collectively, and enter their combined general income at some point of the enrollment manner. If you and your spouse earn $40,000 every, and also you aren’t claiming any earnings earning youngsters for your tax go back, your combined family income is $80,000.


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