N.J. (December 24, 2013) – In most states, today is the deadline
by which an individual must apply for health insurance for it to be effective
by the first of the year. For taxpayers who miss this initial deadline,
or may be confused by their options, not to worry. Jackson
Hewitt® will help customers understand their new options under the
Affordable Care Act (ACA) at the time of tax preparation. So, for those looking
to have coverage effective at the next available window—February 1,
2014—they’ll want to swing by their nearest Jackson Hewitt location right after
the New Year. Some customers who are
eligible for Medicaid may even qualify for coverage retroactive to January 1,
After the Holidays, the first time most families
have available cash is when they receive their tax refund during the tax filing
season. The refund amounts are
considerable: for the 2011 tax year, the average federal refund for families
with incomes between $15,000 and $50,000 exceeded $2,800. Indeed, the federal
tax refund represents the largest single “paycheck” that most American families
receive during the year. And these are
precisely the families that the ACA is intended to benefit (i.e., those between
100% and 400% of the federal poverty level). Since the tax refund is so
important for these taxpayers, they shouldn’t risk losing a portion of that to
a tax penalty for being uninsured.
“We know that many taxpayers have had trouble
signing up for coverage,” said Brian Haile, senior vice president for Health
Care Policy, Jackson Hewitt Tax Service Inc. “We can help our paid tax prep customers
with the government process for no additional fee.”
For taxpayers who are eligible for Medicaid or
CHIP, Jackson Hewitt will help complete the necessary application forms to
apply for coverage. For those uninsured and who qualify for tax credits, Jackson
Hewitt makes it easy to figure out if they may be eligible for a tax credit to
help pay for health coverage.
Jackson Hewitt reminds taxpayers of the following
1. Taxes and health care are connected.
What people qualify for under the ACA depends on how much money they make and
how many people they have in their family.
2. Insurance coverage may be free for some
eligible customers. For other taxpayers the cost of insurance will
depend on their age, where they live and if they smoke or not. Taxpayers may
also qualify for a big tax credit to help pay for insurance. Coverage under
Medicaid and the Children’s Health Insurance Program (CHIP) is generally free.
3. People may be charged a tax penalty if
they don’t have health insurance in 2014. Even having one uninsured person in
your tax household can be enough to trigger a penalty for the whole family. In
the first year that penalty will generally be almost 1% of the household
income. Each year, the penalty for not having health insurance will get bigger.
For more information about the Affordable Care Act
and its impact on taxpayers, or to find the nearest Jackson Hewitt location,
Tax Pro for details. Consistent with State law, we do not provide advice
about the selection of qualified health plans and instead refer such queries to
a properly-licensed third-party or to the insurance marketplace.
About Jackson Hewitt Tax Service Inc.
Jackson Hewitt Tax Service Inc. is an
industry-leading provider of full service individual federal and state income
tax preparation, with approximately 6,500 franchised and company-owned
locations throughout the United States, including locations in Walmart stores
nationwide, and Sears stores in the United States and Puerto Rico in the 2014
tax season. Jackson Hewitt Tax Service also offers an
online tax preparation product atwww.JacksonHewittOnline.com.
For more information, or to locate your neighborhood Jackson Hewitt office,
visit www.JacksonHewitt.com or call 1-800-234-1040.
Jackson Hewitt can also be found on Facebook and Twitter. Most offices are independently owned and operated.