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What is the Individual Shared Responsibility Provision?
The individual shared responsibility provision lies at the heart of the Affordable Care Act—the 2010 health care law sometimes referred to as Obamacare. This is the provision that requires Americans to have health insurance coverage and that imposes a tax penalty on those who choose to go uninsured. Read more…

Video: Affordable Health Care Act Explained—Obamacare Facts
Watch a short video on the Affordable Care Act, also known as Obamacare, to see how the new health care law and health insurance marketplace affects you. Note: The content of this video is applicable to Tax Year 2014. Read more…

What is the Premium Tax Credit?
The premium tax credit took effect beginning in the 2014 tax year, and provides tax savings to offset the cost of health insurance, for those who qualify. Read more…

Video: What is the Affordable Care Act Individual Mandate?
The Affordable Care Act individual mandate (Obamacare) requires most Americans to have health insurance or pay a tax penalty, unless you qualify for an exemption. Learn more about the ACA individual mandate, plans that qualify as minimum essential coverage, who qualifies for an exemption and how the individual mandate may affect your taxes with this helpful guide from TurboTax. Read more…

What is Form 1095-B: Health Coverage
Form 1095-B is a health insurance tax form which reports the type of coverage you have, dependents covered by your insurance policy, and the period of coverage for the prior year. This form is used to verify on your tax return that you and your dependents have at least minimum qualifying health insurance coverage. If you had a break in health care coverage for the tax year, you may have to pay an individual shared responsibility payment, also known as a tax penalty. Read more…


More ACA Articles

What are 1095 Tax Forms for Health Care? Video: The Affordable Care Act Tax Penalty Explained (Obamacare) Understand and Avoid Health Care Reform Tax Penalties Know the Key Dates for Health Care Reform Affordable Care Act Decoded What Is the Individual Mandate for Health Care Reform? What the Affordable Care Act Means for Vets What Are the Tax Penalties for Smokers? Do VA Benefits Count as Medical Insurance Coverage Under Obamacare? Are Out-of-Pocket Medical Expenses Covered by ACA? 5 Steps to Navigate the Health Care Marketplaces Health Care and Your Taxes: What's the Connection? Finding Your Health Care Marketplace Will Medicare/Medicaid be Impacted by ACA? Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)? Essential Tax Forms for the Affordable Care Act (ACA) How to Determine if You Have Minimum Essential Coverage (MEC) Are You Exempt From Health Care Coverage? Does Medicare Count as Minimum Essential Coverage (MEC) Affordable Care Act (Obamacare) Survival Guide For ALEs What is Form 1095-A: Health Insurance Marketplace Statement What is Code Section 6056 for Health Care Reform? What is Form 1094-B: Transmittal of Health Coverage Information Returns? What is Employer Sponsored Coverage? What is the Difference Between Forms 1094-C and 1095-C? Does Your Company Need to File Form 1095-B? What is an ALE (Applicable Large Employer) for Health Care Reform? How Does IRS Form 1095-B Affect Small Businesses? What is Form 1095-C: Employer-Provided Health Insurance Offer and Coverage Employer Sponsored Health Coverage Explained The Most Important Tax Forms for ALEs (Applicable Large Employers) Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare) How Health Care Reform Has Changed the Way You Pay Taxes What is the Shared Responsibility Payment?

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