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Finance, Find Very Affordable Health Insurance In Alabama
by Elizabeth Newberry
In 2002, the Trade Act created the Health Coverage Tax Credit, also referred to as the HCTC. The HCTC became effective in 2003, and offers a federal tax credit of 65% to be paid back to eligible individuals for the qualified health plan premiums they paid each year. This works one of two ways: the eligible individual can either file their federal tax returns each year claiming the premiums, or by applying for an advance by paying 65% of the health plan premiums due. The way in which the individual receives the health tax credit is usually up to him or her.
Eligible individuals for the health tax credit usually include trade impacted workers who get a Trade Readjustment Allowance or Alternative Trade Adjustment Assistance. Some people may be eligible if they collect from the Pension Benefit Guaranty Corporation.
This is a huge plus for those individuals who find it difficult to obtain affordable health insurance in Alabama. Sure, there are state and federal programs to assist low income individuals and families who can not afford to purchase an individual and/or family health insurance plan, and even those individuals who work but aren’t offered health insurance coverage through their employers, but sometimes individuals aren’t eligible for these programs, even though they don’t have any other means to find affordable health insurance in Alabama.
Health care is a necessity, and sometimes we have to find the cash to hand over, whether we have it or not. With the Health Coverage Tax Credit, those who are eligible for a federal tax credit can at least rest assured that some of their hard-earned cash will make it back into their pockets.
If you are one of the many who are having a difficult time finding affordable health insurance in Alabama and are interested in your eligibility for the Health Coverage Tax Credit program, visit Alabama’s Department of Insurance Web site for more information.
About The Author: http://ezquoteguide.com/health/ Find Very Affordable Health Insurance in Alabama http://www.myquoteguide.com/Best-Health.shtml The Cheapest Individual Health Insurance Quotes That Provide Great Coverage
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The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!
In 2002, the Trade Act created the Health Coverage Tax Credit, also referred to as the HCTC. The HCTC became effective in 2003, and offers a federal tax credit of 65% to be paid back to eligible individuals for the qualified health plan premiums they paid each year. This works one of two ways: the eligible individual can either file their federal tax returns each year claiming the premiums, or by applying for an advance by paying 65% of the health plan premiums due. The way in which the individual receives the health tax credit is usually up to him or her.
Eligible individuals for the health tax credit usually include trade impacted workers who get a Trade Readjustment Allowance or Alternative Trade Adjustment Assistance. Some people may be eligible if they collect from the Pension Benefit Guaranty Corporation.
This is a huge plus for those individuals who find it difficult to obtain affordable health insurance in Alabama. Sure, there are state and federal programs to assist low income individuals and families who can not afford to purchase an individual and/or family health insurance plan, and even those individuals who work but aren’t offered health insurance coverage through their employers, but sometimes individuals aren’t eligible for these programs, even though they don’t have any other means to find affordable health insurance in Alabama.
Health care is a necessity, and sometimes we have to find the cash to hand over, whether we have it or not. With the Health Coverage Tax Credit, those who are eligible for a federal tax credit can at least rest assured that some of their hard-earned cash will make it back into their pockets.
If you are one of the many who are having a difficult time finding affordable health insurance in Alabama and are interested in your eligibility for the Health Coverage Tax Credit program, visit Alabama’s Department of Insurance Web site for more information.
About The Author: http://ezquoteguide.com/health/ Find Very Affordable Health Insurance in Alabama http://www.myquoteguide.com/Best-Health.shtml The Cheapest Individual Health Insurance Quotes That Provide Great Coverage
These articles on lifestyle and more
Reprint this article free of charge as long as you keep the author's resource box or bio intact and the links active. A copy of the ezine or URL of the page where the article was reprinted emailed to the author would be very much appreciated. finance
Return to the selection of finance
You may want to try these articles on finance
Finance, How To Analyze A Home Owner Insurance Quote Comparison by Elizabeth Newberry Approximately 367 Words
Finance, How To Get A Low Rate Home Owner Insurance Price Quote by Elizabeth Newberry Approximately 358 Words
Finance, What Is Cheap Car Insurance In Salt Lake City by Elizabeth Newberry Approximately 361 Words
Finance, How To Get Cheap Portland Car Insurance by Elizabeth Newberry Approximately 335 Words
Finance, Debt & Marriage: How To Eliminate One & Save The Other by Alex Daniels Approximately 540 Words
Finance, Removing Negative Items From Credit File by Debbie Dragon Approximately 560 Words
Finance, Garbage In, Garbage Out by Ben Franklin Approximately 566 Words
You may want to try these websites for additional information
http://finance.yahoo.com/l
http://finance.yahoo.com/currency?u
http://en.wikipedia.org/wiki/Google_Finance
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!