{ "id": "R41137", "type": "CRS Report", "typeId": "REPORTS", "number": "R41137", "active": false, "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source": "EveryCRSReport.com", "id": 439149, "date": "2014-05-01", "retrieved": "2016-04-06T23:01:27.112355", "title": "Health Insurance Premium Credits in the Patient Protection and Affordable Care Act (ACA) in 2014", "summary": "New federal tax credits, authorized under the Patient Protection and Affordable Care Act (ACA, P.L. 111-148, as amended), first became available in 2014 to help certain individuals pay for health insurance. The tax credits apply toward premiums for private health plans offered through \u201cexchanges\u201d (also referred to as health insurance marketplaces). ACA also establishes subsidies to reduce cost-sharing expenses.\nExchanges have been established in every state, either by the state itself or by the Secretary of Health and Human Services (HHS), as required under ACA. Exchanges are not insurers, but provide eligible individuals and small businesses with access to private health insurance plans. Generally, the plans offered through the exchanges provide a comprehensive set of health services and meet all ACA market reforms, as applicable. \nThe new premium credits established under ACA are advanceable and refundable, meaning taxfilers need not wait until the end of the tax year in order to benefit from the credit, and may claim the full credit amount even if they have little or no federal income tax liability. Premium tax credits are generally available to individuals who enroll in an exchange plan; are part of a tax-filing unit; have household income between specified amounts; are not eligible for other forms of comprehensive health coverage; and are U.S. citizens or lawfully present residents. This report provides examples of hypothetical individuals and families who qualify for the premium credits; the examples use actual 2014 premium and tax credit amounts. \nThe amounts received in premium credits are based on federal income tax returns. These amounts are reconciled in the next year and can result in overpayment of premium credits if income increases, which must be repaid to the federal government. ACA limits the amount of required repayments for lower-income enrollees. \nIn addition to premium credits, ACA authorizes new cost-sharing subsidies. Certain premium credit recipients will also be eligible for reductions in their annual cost-sharing limits. Moreover, certain low-income individuals will receive additional subsidies in the form of reduced cost-sharing requirements (e.g., lower deductible).", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R41137", "sha1": "b89d77923d8b2a673989ff16f63a17be83c0c2e0", "filename": "files/20140501_R41137_b89d77923d8b2a673989ff16f63a17be83c0c2e0.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R41137", "sha1": "7cdd462d982b0eaa6d6cb8c7dbc8ecfe4111d2b6", "filename": "files/20140501_R41137_7cdd462d982b0eaa6d6cb8c7dbc8ecfe4111d2b6.pdf", "images": null } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc463506/", "id": "R41137_2014Mar12", "date": "2014-03-12", "retrieved": "2014-12-05T09:57:41", "title": "Health Insurance Premium Credits in the Patient Protection and Affordable Care Act (ACA)", "summary": "This report describes the eligibility criteria applicable to the premium tax credits and cost-sharing subsidies, and the calculation method for the credit and subsidy amounts. It also highlights selected issues addressed in the final regulation on premium credits.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20140312_R41137_4ad702b3e24fa3d6b6b5ee1d7b9e8de996626748.pdf" }, { "format": "HTML", "filename": "files/20140312_R41137_4ad702b3e24fa3d6b6b5ee1d7b9e8de996626748.html" } ], "topics": [ { "source": "LIV", "id": "Health policy", "name": "Health policy" }, { "source": "LIV", "id": "Health care reform", "name": "Health care reform" }, { "source": "LIV", "id": "Access to health care", "name": "Access to health care" }, { "source": "LIV", "id": "Comprehensive health care", "name": "Comprehensive health care" }, { "source": "LIV", "id": "Insurance premiums", "name": "Insurance premiums" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc806526/", "id": "R41137_2013Jul09", "date": "2013-07-09", "retrieved": "2016-03-19T13:57:26", "title": "Health Insurance Premium Credits in the Patient Protection and Affordable Care Act (ACA)", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20130709_R41137_6bb9e96a03c7aa3e12bce49f4847314f292b74ec.pdf" }, { "format": "HTML", "filename": "files/20130709_R41137_6bb9e96a03c7aa3e12bce49f4847314f292b74ec.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc810596/", "id": "R41137_2012Jun13", "date": "2012-06-13", "retrieved": "2016-03-19T13:57:26", "title": "Health Insurance Premium Credits in the Patient Protection and Affordable Care Act (ACA)", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20120613_R41137_4f6de0083db9146ce53fc68a816f911b7494aceb.pdf" }, { "format": "HTML", "filename": "files/20120613_R41137_4f6de0083db9146ce53fc68a816f911b7494aceb.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc819507/", "id": "R41137_2011Dec30", "date": "2011-12-30", "retrieved": "2016-03-19T13:57:26", "title": "Health Insurance Premium Credits in the Patient Protection and Affordable Care Act (ACA)", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20111230_R41137_a106a4220289ea551c93b0ebc45091f5c181ee97.pdf" }, { "format": "HTML", "filename": "files/20111230_R41137_a106a4220289ea551c93b0ebc45091f5c181ee97.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc809145/", "id": "R41137_2010Apr28", "date": "2010-04-28", "retrieved": "2016-03-19T13:57:26", "title": "Health Insurance Premium Credits in the Patient Protection and Affordable Care Act (PPACA)", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20100428_R41137_01649dbc4a2d1562cb3697fcacfbda6186c03293.pdf" }, { "format": "HTML", "filename": "files/20100428_R41137_01649dbc4a2d1562cb3697fcacfbda6186c03293.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc811915/", "id": "R41137_2010Apr06", "date": "2010-04-06", "retrieved": "2016-03-19T13:57:26", "title": "Health Insurance Premium Credits Under PPACA (P.L. 111-148)", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20100406_R41137_c45e1809ac603812e0f7466bd5848b9d576e28d8.pdf" }, { "format": "HTML", "filename": "files/20100406_R41137_c45e1809ac603812e0f7466bd5848b9d576e28d8.html" } ], "topics": [] } ], "topics": [] }