The Federal Poverty Level is used to determine someone’s eligibility for government programs such as Medicaid.
If your yearly income is higher than 138% of the federal poverty level but less than 400% of the poverty level ( for 2017 coverage, that's about ,500 for an individual), you will get a tax credit to help you pay your health plan’s premiums.
The House of Representatives is expected to vote Wednesday on a resolution mandating sexual harassment training for members and their staff -- which is expected to easily pass, according to a Republican leadership aide.
The resolution -- sponsored by House Administration Committee Chairman Gregg Harper, top Democrat Robert Brady and Reps.
The minimum penalty in 2014 was , but the IRS reported that among tax filers who owed the penalty for 2014, the average penalty was about 0.
The minimum penalty increased in 2015 and again in 2016.
Interestingly, tanning bed services are now subject to a 10 percent excise tax, which may be may be good for health—you’re better off getting some natural sunshine!
The IRS reported that while 7.9 million tax filers owed a penalty for being uninsured in 2014, another 12.4 million tax filers were exempt from the penalty, despite being uninsured.
Exemptions are granted for the following: But the Supreme Court ruled that Medicaid expansion would be optional, and as of late 2016, there are 19 states that have not yet expanded Medicaid.
And if your income doesn't exceed 250 percent of the poverty level, there's also a subsidy available to lower your out-of-pocket expenses.
The subsidy for out-of-pocket costs is paid directly to your health insurer.