Demystifying the Affordable Care Act

An easy to understand list of key questions and answers for those who are still confused about the Affordable Care Act.

The TurboTax Blog

The requirement to purchase health insurance for most uninsured Americans was effective on March 31, 2014. If you already have minimum essential coverage provided by your employer, Medicaid, Medicare, private insurance, or your parents then you were not required to purchase health insurance by the March 31 deadline.

Since long before the Affordable Care Act (ACA) was signed into law in March 2010, there have been many myths and misconceptions surrounding whether or not the health care reform law would have an impact on individuals, families and small businesses.

To help you separate fact from fiction, we have addressed some common myths and misconceptions associated with the Affordable Care Act.

Myth: Only low-income people are eligible to receive discounts to help with premiums.
Reality: Not true. People with income up to four times the poverty line, which is about $95,000 for a family of four, can receive a…

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