How Affordable Care Act Repeal and Replace Plans Might Shift Health Insurance Tax Credits according to : Kaiser Family Foundation

A refundable tax credit means that if the amount of the tax credit is greater than the amount of taxes owed, the taxpayer receives a refund of the difference; for example, if a person had a federal tax bill of $1000 and a tax credit of $1,500, they would receive a refund of $500. Similarly, the ACA tax credits are relatively higher in areas with higher premiums, while the replacement proposal credits do not vary by location. A tax credit is an amount by which a taxpayer can reduce the amount they owe in federal income tax; for example, if a person had a federal tax bill of $2,500 and a tax credit of $1,000, their tax liability would be reduced to $1,500. The underlying details of health reform proposals, such as the size and structure of health insurance tax credits, matter crucially in determining who benefits and who is disadvantaged. The tax credits in both of these replacement plans would be available to people of all incomes who purchase individual market coverage.




Health Insurance Innovations shares have stayed the same since the beginning of the year. Access a Zacks stock report on HIIQ at https://www.zacks.com/ap/HIIQ_____Keywords: Health Insurance Innovations, Earnings Report TAMPA, Fla. (AP) _ Health Insurance Innovations Inc. (HIIQ) on Wednesday reported a fourth-quarter loss of $200,000, after reporting a profit in the same period a year earlier. The Tampa, Florida-based company said it had a loss of 4 cents per share. The Web-based health coverage provider posted revenue of $51.4 million in the period.

Report Analyzes Trends In Employer-Sponsored Health Insurance Market

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