What is the Affordable Health Care Act?

If you would like to subscribe to our email list, please enter your email address below and click "Subscribe".

Your information was not able to be saved at this time. Please try again.





Security Check
Security Check

Enter the characters you see above.


The New Health Care reform bill has been given many names: Health Care reform act, Affordable Care Act and Obamacare.

Whatever you may call it, one thing is for sure, many Americans have questions regarding the Affordable Health Care Act. Many questions revolve around the Health Care tax penalty implications that are set to take place in 2014. Before we get into the details on the tax penalty implications, let’s take a look at the law.

The Affordable Health Care Act’s aim is to provide affordable health care to all Americans and reduce the overall cost of health care. The new law expands coverage to 32 million people through a combination of public and private sector health insurance expansions. The law was enacted on March 23, 2010 and is being phased in over 4 years.

The Affordable Health Care Act requires health insurance companies to cover all applicants and offer the same rates regardless of pre-existing conditions or sex. The Affordable Health Care Act provides a number of methods to employers and individuals to increase the coverage rate and health insurance affordability that includes mandates, subsidies, and tax credits.

Shortly after being signed into law in 2010, many Americans started taking
advantage of many of the law’s provisions which included:

  • Help for uninsured Americans with pre-existing conditions through risk pools
  • Help for retirees
  • Small business tax credits
  • Medicare Part D donut hole rebate checks (Coverage Gap)
  • Children up to age 26 can stay on their parent’s insurance
  • Lifetime limits on coverage are banned
  • Rescissions of coverage when the covered individual gets ill are banned
  • No discrimination against children with pre-existing conditions
  • Annual limits on insurance coverage are regulated
  • No cost sharing for preventive care
  • Appeals processes are guaranteed
  • Choice of primary care provider is guaranteed
  • Direct access for OB/GYN Services is guaranteed
  • Discrimination based on salary is banned

Under the Health Care law all Americans must have minimum essential health insurance coverage by Jan. 1, 2014. You have minimum essential health coverage if you have a:

American’s do have a choice of how they get their coverage.
People can choose to buy health insurance on or off state insurance exchanges. Open enrollment begins on October 1, 2013 and on January 1, 2014 the requirement for every American citizen to have health care starts.

TaxSlayer.com
Copyright © 2014 TaxSlayer LLC   |  
3003 Allen Drive Evans, GA 30809   |  
706-922-6741   |  
© 2014 Refund distribution subject to IRS acceptance of return & The Citizens Banking Company. *IRS refund times will vary but most IRS refunds will be issued in less than 21 days after efiling. TaxSlayer cannot guarantee date of receipt of refund. Your Privacy is Important: We do not rent, sell or share your personal information with anyone. Your e-mail is used to communicate with you about your return status, retrieve your Username or reset your Password. *TaxSlayer phone support available January 2nd through April 19th. (C) 2014 JR Motorsports, LLC. The name, likeness and signature of Dale Earnhardt Jr are used with the permission of JR Motorsports, LLC and JRM Licensing, LLC.

*Free tax advice is available for free with TaxSlayer Premium Edition. This product is available by phone or email, Monday – Friday through April 15th. * File a simple federal return for free, states additional. Please check the website for the hours of operation as they may vary due to capacity. *TaxSlayer.com guarantees accurate calculations or we will reimburse you any Federal and/or State penalties and interest charges. *Maximum Refund Guarantee- Your refund is based on data supplied by you and is calculated based on the schedule and forms supported by TaxSlayer.com. A larger refund or smaller tax liability cannot be due to differences in data submitted to TaxSlayer.com or positions taken that are contrary to law. If you find that another tax software calculated a larger refund or smaller tax liability based on the same information provided to TaxSlayer.com, we will refund your applicable fees paid to TaxSlayer.com. *Actual prices for services rendered are determined at the time of print or efile and are subject to change without notice.asas

*TaxSlayer Free Federal Edition is limited to the 1040EZ form. Users with additional tax forms will be upgraded to TaxSlayer Classic Edition.

*All major forms and schedules: Your return is completed by all of the major forms and schedules supported by TaxSlayer.com. To see the complete list of major forms and schedules supported by TaxSlayer.com visit *Supported Federal Forms page.
Site feedback
Go to top

Form 1040EZ is the simplest form to fill out.
You may use Form 1040EZ if you meet all the following conditions:


If you file Form 1040EZ, you cannot itemize deductions or claim any adjustments to income or tax credits (other than the earned income credit).