The retail giant Target recently announced that they are dropping
health insurance coverage for part-time employees, due to changes under the
Affordable Care Act (ACA). This highlights one of the concerns facing millions
of Americans who currently have employer-sponsored health insurance—what if my
employer drops me? For those at 400% of the poverty level or lower, the ACA
grants them several options.
The ACA is tied to your tax situation. What you qualify for—tax
credits, Medicaid, CHIP—is based on things like how much money you make and how
many people you have in your family. Since it’s tax season, you can get help
figuring out what you qualify for when you file your taxes.
can Jackson Hewitt help?
- When you file your taxes with Jackson Hewitt, we’ll simplify the
process of figuring out what you qualify for.
- We’ll do the government paperwork so you don’t have to.
- We’ll actually help you sign up for Medicaid if you qualify. If
you have kids, they may also qualify for free or low-cost health insurance in
Medicaid and CHIP.
- If you qualify for a tax credit, Getinsured.com, a licensed
third-party, can actually get you enrolled in free or affordable health
- You can just find out your options now – and decide later
whether to sign up. There is no obligation.
It’s also important to remember that there is a tax penalty for
not having coverage— and it may be almost
1% of your income. The IRS could take that money out of
your refund next year. And the penalty goes up next year.
Just stop by your local Jackson Hewitt office in January when you
are ready to file your taxes and we’ll get you started. Our
service is free—and you can learn about your options without making any
commitment to sign up for coverage.