Health Care Tax Tips

Subscribe and receive all Health Care
tax guides via RSS

Recent Articles

What are ABLE Accounts? Tax Benefits Explained
Achieving a Better Life Experience (ABLE) accounts allow the families of disabled young people to set aside money for their care in a way that earns special tax benefits. ABLE accounts work much like the so-called 529 accounts that families can use to save money for education; in fact, an ABLE account is really a special kind of 529. Read more…

The Most Important Tax Forms for ALEs (Applicable Large Employers)
The Employer Shared Responsibility provisions affect companies with 50 or more full-time employees or an equivalent of part-time or seasonal workers. These companies are called Applicable Large Employers, or ALEs. 2015 was considered a transition year as everyone got used to the new normal for workplace health plans. Read more…

How to Determine if You Have Minimum Essential Coverage (MEC)
The Affordable Care Act, also known as Obamacare or ACA, requires most Americans to have health insurance that meets a government standard known as "minimum essential coverage," or MEC. Whether your insurance qualifies as MEC depends not on the plan itself, but on how you obtained your coverage. Read more…

Affordable Care Act (Obamacare) Survival Guide For ALEs
A key feature of the Affordable Care Act (also known as Obamacare) is the way in which responsibility for affordable health care coverage is shared between stakeholders. Companies that employ 50 or more people may be considered "applicable large employers" or ALEs under the Affordable Care Act (ACA). Read more…

Are You Exempt From Health Care Coverage?
The Affordable Care Act, or Obamacare, is an individual mandate that requires all eligible Americans to have some form of basic health coverage. For tax years prior to 2019, those without insurance will receive a penalty when they file their tax returns - that is, unless they have an exemption. Read more…


More Health Care Articles

Does Your Company Need to File Form 1095-B? Essential Tax Forms for the Affordable Care Act (ACA) What Is the IRS Form 8889? What Is IRS Publication 502? What Are Disability Tax Credits? Tax Deductions for Diabetes Are Medical Expenses Tax Deductible? Tax Deductible Pregnancy Medical Expenses What Is Form 8941: Credit for Small Employer Health Insurance Premiums Deducting Health Insurance Premiums If You're Self-Employed Know the Key Dates for Health Care Reform Video: The Affordable Care Act Tax Penalty Explained (Obamacare) Are Short-Term Disability Claim Payments Considered Earnings? Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)? Video: Affordable Health Care Act Explained—Obamacare Facts Video: What is the Affordable Care Act Individual Mandate? What is Form 8853: Archer MSAs and Long-Term Care Insurance Contracts Flexible Spending Accounts: A Once-A-Year Tax Break Is Your Life Insurance Taxable? What Is the Individual Shared Responsibility Provision? The Ultimate Medical Expense Deductions Checklist Health Insurance Assistance for the Unemployed Deducting Medical Expenses for a Major Illness or Injury What Is IRS Form 1099-SA: Distributions from an HSA, Archer MSA, or Medicare Advantage MSA? Video: What is the Affordable Care Act Cost-Sharing Subsidy (Obamacare)? How Health Care Reform Has Changed the Way You Pay Taxes What Is Form 8885: Health Coverage Tax Credit Understand and Avoid Health Care Reform Tax Penalties What is Form 1095-C: Employer-Provided Health Insurance Offer and Coverage What is the Premium Tax Credit (PTC) and What is Tax Form 8962? Are Out-of-Pocket Medical Expenses Covered by ACA? 5 Steps to Navigate the Health Care Marketplaces Finding Your Health Care Marketplace What is Employer Sponsored Coverage? Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare) Health Care and Your Taxes: What's the Connection? What the Affordable Care Act Means for Vets Does Medicare Count as Minimum Essential Coverage (MEC) Do VA Benefits Count as Medical Insurance Coverage Under Obamacare? What is the Difference Between Forms 1094-C and 1095-C? Will Medicare/Medicaid be Impacted by ACA? What is the Shared Responsibility Payment? What is an ALE (Applicable Large Employer) for Health Care Reform? Employer Sponsored Health Coverage Explained What is Form 1095-A: Health Insurance Marketplace Statement What is Form 1094-B: Transmittal of Health Coverage Information Returns? What Is the Individual Mandate for Health Care Reform? What are 1095 Tax Forms for Health Care? What Are the Tax Penalties for Smokers? What is Code Section 6056 for Health Care Reform? Affordable Care Act Decoded What is Form 1095-B: Health Coverage What Is Form 8959: Additional Medicare Tax

TurboTax Blog »

Get tax tips and tricks, from quick fixes to long term strategies.

Ready to try TurboTax?

Start for Free