Let's walk through the process together. You give us answers. We'll give you answers. And when we're done, you'll have your very
own Helpth Report complete with a personalized 360° view of your health care situation and information on what to do next.
Can we ask you a personal question? ...Well, four actually. We don't mean to pry. But the factors that determine whether you are likely or not likely to qualify for savings on health insurance through the Advance Tax Credit are based on your personal information. Things like your income and household size.
wondering what a "Helpth Report" is exactly?
Your health care situation is specific to you. Sort of like your fingerprint. Things like where you live, what type of health insurance you have, how much you make, and your household size all play into your health care decision. Your Helpth Report will provide you with a personalized view of your information along with options on what to do next.
open enrollment and when coverage begins
The term “open enrollment” refers to the time period when you can shop for and purchase health coverage for 2014 on the Health Insurance Marketplace. Open enrollment begins October 1, 2013 and runs through March 31, 2014. Health coverage purchased between October 1, 2013 and December 15, 2013 will go into effect on January 1, 2014. You can access the Health Insurance Marketplace through this website.
go directly to your Helpth Report
For some folks, speed and swiftness is helpthful. So if you've already taken the step-by-step guide - or you simply cannot wait to see your Helpth Report - you can go directly there. Simply enter your information, and voilà... instant Helpth Report.
what if you don't purchase health insurance?
Under the Affordable Care Act, choosing not to buy health insurance will likely result in a tax penalty. Generally, the amount of the additional tax would be the larger of the flat-rate penalty or percentage of income penalty calculation. The flat-rate tax penalty in 2014 for an adult individual is $95 and $47.50 for children with a maximum $285 penalty. The percentage of income method uses your household income less your filing threshold and multiplies this by 1% for 2014.
is your situation unique?
Having trouble with this question? For some families, the answer may not be so clear-cut. Maybe you have health insurance but your spouse doesn’t? Maybe your children are covered but you’re not? Don’t worry, we can helpth. Simply call 1-888-322-7557 to speak with one of our advisors. We can answer your health care questions and help make sense of your unique situation.
why household size matters
Your household size and income (which we’ll ask in a moment) are the two biggest factors in determining whether you’ll qualify for the Advance Tax Credit and how much.
how do you define "household?"
Every family is different. And so every “household” is different. Your household may include in-laws, grandparents, step-children, or grand children? Maybe it includes all of the above? If so, you may need helpth determining who falls into the “household” category in order to answer the above question. To find out how to calculate your unique household size, simply call 1-888-322-7557 to speak with one of our advisors.
what income number to use
Browse a tax return and you’ll see words like total income, taxable income, and adjusted gross income. So the question is, “Which income amount should I enter?” To learn your accurate household income amount, simply schedule a Tax & Health Care Review with one of our Tax Pros. If you don’t have this amount right now, enter your annual income from last year. You can still learn if you’re likely or unlikely to qualify. You will however need your accurate household income amount when applying on the Health Insurance Marketplace.