IRS makes Marketplace Health Insurance less taxing

Under previous law, your ability to get a subsidy (i.e., the government helped you pay for your Health Insurance) through the Health Insurance Marketplace phased entirely if your income exceeded 400% of the Federal Poverty Level. The new law passed in March now allows you to get a subsidy, no matter your income, to the extent that your Health Insurance Premiums obtained through the Marketplace exceed 8.5% of your income. Ask us if this applies to you and how to take advantage of this new rule.