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Will U.S. healthcare reform help pay for health insurance premiums?

As the legislation exists in summer 2011, the Affordable Care Act will provide for tax credits to help individuals afford health insurance coverage beginning in 2014. If your family income is between 100 percent and 400 percent of the Federal Poverty Level (approximately $10,830 to $43,000 for individuals and $22,050 to $88,000 for a family of four, according to 2010 guidelines), then you may qualify. These tax credits will lower your total tax bill, but they can also be used before tax time to reduce your premium payments, copayments, co-insurance, and deductibles.

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.