We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Health care premium tax credits - Research Paper Example

Comments (0) Cite this document
Summary
The Health Care Premium Tax Credit (HCTC) is a government program which helps ensure that health insurance is affordable for trade-affected workers, Pension Benefit Guaranty Corporation (PGBC) payees, and their families by covering 80% of their premiums (IRS “Individuals”)…
Download paper
GRAB THE BEST PAPER

Extract of sample
Health care premium tax credits

It is a refundable tax credit and the refund is fully paid regardless of the income tax which is owed by the recipient (IRS “Individuals”). This HCTC benefits many displaced workers and those aged 55 years and older under pension benefit. It is meant to ensure that people can still access health care services despite their financial difficulties and economic status (IRS “Individuals”).
The primary Act which has made the HCTC possible is the Trade Adjustment Act of 2002. This act basically created the HCTC and ensured that certain individuals who receive PBGC are qualified for credits (DSRA, p. 1). The act made it possible for 65% of health care insurance to be covered by the federal government. Through this act, the HCTC has been implemented since December 2002; and it has also been available for all of 2003 and the years following (DSRA, p. 1). The American Relief and Recovery Act of 2009 (ARRA) extends the coverage of the Trade Adjustment Act of 2002. It is the act which provides about $30 billion for health investments with most of the investments made available to hospitals and physicians who use Electronic Health Records (EHR) (Cisco, p. 1). Those with EHR are qualified to receive incentives from the Medicare and Medicaid starting on 2011; the act includes a $2 billion grant from the Department of Health and Human Services and also grants for telemedicine projects (Cisco, p. 1). As part of the ARRA, the Trade Adjustment Assistance Health Coverage Improvement Act of 2009 was passed and this expanded the eligibility of qualified family members beyond the enrollees’ death or divorce for up to 24 months; also, those who are eligible but live in US territories can participate in the monthly HCTC (IRS “Individuals”).
The HCTC is included as a health policy because the Congress recognized that for people who lose their health coverage, the experience can ... Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Health care premium tax credits Research Paper Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/396326-health-care-premium-tax-credits
(Health Care Premium Tax Credits Research Paper Example | Topics and Well Written Essays - 500 Words)
https://studentshare.net/miscellaneous/396326-health-care-premium-tax-credits.
“Health Care Premium Tax Credits Research Paper Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.net/miscellaneous/396326-health-care-premium-tax-credits.
  • Cited: 0 times
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Health Care Reform
As indicated by Holstein and Litzinger (2008, 15), “in the U.S., the rapid rise in health care cost and low access are widely recognized as twin problems. Health care reform in this country first focused on cost containment through managed care to make health insurance affordable, and then shifted to expanding access to coverage at the state level without doing away with the private health insurance market”.
3 Pages(750 words)Research Paper
Health Care Reform
As indicated by Holstein and Litzinger (2008, 15), “in the U.S., the rapid rise in health care cost and low access are widely recognized as twin problems. Health care reform in this country first focused on cost containment through managed care to make health insurance affordable, and then shifted to expanding access to coverage at the state level without doing away with the private health insurance market”.
5 Pages(1250 words)Research Paper
Assignment 3: Tax Credits
23). Since 1940s, the U.S tax code has undergone many modifications to ensure justice to taxpayers as well as to generate revenue for the federal government. Tax credits, along with other instruments such as tax deductions and tax exemptions, was used to protecting various income groups and business enterprises during economic downturn (economic instability).
8 Pages(2000 words)Research Paper
Obama Health Care Law
Obama Health Care Law. The health care bill was the most expansive social legislation enacted into a law back in march 2010 for the benefit of the American’s citizens. For quite a long time, it had been a tussle between the Democrats and Republicans in the government, with the later group giving strong opposition before and after the health reforms were made.
9 Pages(2250 words)Research Paper
Health Care
“Most Americans – a total of 177 million – obtain health insurance through their employers” (Business Roundtable). However, millions of Americans either independently provide their own insurance, or they are left uninsured and
5 Pages(1250 words)Term Paper
Obama's Health Care Reform 2010
Research indicates that the United States has been the only major developed country that has not warranted her populace coverage for health insurance
14 Pages(3500 words)Research Paper
An overview of Health Care Reform
Adults cover also known as the Medicaid plan offers health cover for working individuals. The reform will ensure that 16 million low-income individuals are covered as longs
5 Pages(1250 words)Research Paper
President Obama's Health care reform
It points to a momentous revamp to the health care system of America – in addition to enhancing the country’s economy; it is also invaluable to Americans with pre-existing conditions and whose survival hinge on having
12 Pages(3000 words)Research Paper
Assignment 3: Tax Credits
Tax credits, along with other instruments such as tax deductions and tax exemptions, was used to protecting various income groups and business enterprises during economic downturn (economic instability). Tax credits are neutral and enable the Congress in making certain that
8 Pages(2000 words)Research Paper
The Structural Analysis of Foreign Tax Credits
The main objective of the research and development department is to find out the foreign source of income and estimate accurately the number of multinationals operating in the United States. The other purpose of research and development department of the US is to estimate the accurate limit of the foreign trade credit.
25 Pages(6250 words)Research Paper
Let us find you another Research Paper on topic Health care premium tax credits for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us