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The Patient Protection and Affordable Care Act (PPACA), also known as the Affordable Care Act (ACA) or ObamaCare was passed in 2010 and brought a multitude of changes to the Healthcare system, such as the minimum health care mandate. Not only does the Act bring in changes to the existing healthcare system, but it also has...
[image url=”http://www.agtax.ca/wp-content/uploads/2013/01/us-canada-tax-basics1.jpg” alignment=”center” margin_left=”0″ margin_right=”0″ margin_top=”0″ margin_bottom=”0″ width=”200″ height=”167″] With the Affordable Care Act (Obamacare) now in place, U.S. taxpayers should be aware of the minimum health insurance requirements. From 2014 onwards, the U.S. Internal Revenue Service (IRS) will require all taxpayers to disclose about their health insurance coverage and exemptions, if any, in their...
The U.S government seems to be fully geared up to have all U.S. citizens comply with its minimum healthcare insurance coverage rule under the Affordable Care Act (Obamacare law). Beginning 2014 onward, the government will be imposing a penalty on individuals who fail to comply with the ‘individual mandate’, i.e. the basic minimum health insurance...
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