2013년 11월 23일 토요일

About 'health family'|Heart Health is a Family Affair







About 'health family'|Heart Health is a Family Affair








The               Health               Coverage               Tax               Credit               was               enacted               by               Congress               in               the               Trade               Act               of               2002.

It               is               a               federal               income               tax               credit               that               pays               up               to               65%               of               qualified               health               plan               premiums               for               eligible               workers               whose               health               coverage               has               been               impacted               because               they               lost               their               jobs               due               to               foreign               competition.

The               credit               is               also               available               to               certain               retirees               whose               pensions               from               a               former               employer               were               terminated               and               who               are               now               receiving               benefits               from               the               Pension               Benefit               Guaranty               Corporation               (PBGC).

The               credit               is               intended               to               make               health               care               coverage               more               accessible               and               available               to               persons               who               otherwise               might               not               be               able               to               afford               it.

The               U.S.

Department               of               the               Treasury,               through               the               Internal               Revenue               Service               (IRS),               works               in               conjunction               with               other               federal               and               state               agencies,               such               as               the               State               Workforce               Agencies,               and               the               private               health               industry,               in               administering               the               Health               Coverage               Tax               Credit               program.
               If               you               are               eligible,               this               credit               can               be               claimed               as               a               refund               when               you               file               your               annual               U.S.

federal               income               tax               return,               or               you               can               also               receive               advance               payments               of               the               credit               monthly,               in               order               to               pay               your               health               insurance               premiums               throughout               the               year               as               they               become               due.
               Who               Is               Eligible?
               The               Health               Coverage               Tax               Credit               (HCTC)               is               intended               to               help               certain               groups               of               individuals.

There               are               three               groups               of               people               who               are               potentially               eligible               for               this               tax               credit:
               ·               Workers               who               are               receiving               a               Trade               Readjustment               Allowance               under               the               Trade               Adjustment               Assistance               (TAA)               program.

These               are               generally               workers               who               have               been               dislocated               from               their               jobs               due               to               foreign               trade               competition.

The               TAA               program               is               run               by               state               organizations               called               State               Workforce               Agencies               (SWAs).

These               organizations               may               also               be               called               State               Employment               Offices.


               ·               Workers               who               are               at               least               50               years               of               age               and               are               receiving               benefits               under               the               Alternative               Trade               Adjustment               Assistance               (ATAA)               program.


               ·               Retirees               who               are               at               least               55               years               of               age               and               are               receiving               pension               benefits               from               the               Pension               Benefit               Guaranty               Corporation.

Survivors,               beneficiaries,               and               alternate               payees               who               are               at               least               55               years               old               and               who               are               receiving               these               benefits               also               qualify               for               the               Health               Coverage               Tax               Credit.
               Also,               the               tax               credit               is               only               available               to               persons               who               are               enrolled               in               what               is               defined               as               a               "qualified               health               plan".

Only               certain               types               of               health               plans               qualify               for               this               tax               benefit,               and               they               are               described               below.
               Once               you               have               met               one               of               the               eligibility               criteria               mentioned               above,               the               State               Workforce               Agency               or               the               Pension               Benefit               Guaranty               Corporation               will               send               you               the               HCTC               Program               Kit,               which               includes               a               registration               form               and               describes               the               eligibility               requirements               and               the               tax               credit.

Normally,               you               will               be               sent               a               kit               if               you               qualify               for               this               benefit,               but               if               you               have               any               questions,               you               can               consult               with               your               State               Workforce               Agency,               or               with               the               U.S.

Department               of               Labor               Employment               and               Training               Administration.
               Who               Does               Not               Qualify
               There               are               disqualifying               criteria               that               make               certain               people               ineligible               for               the               Health               Coverage               Tax               Credit.

If               any               of               the               following               apply,               you               are               not               eligible               for               this               credit:               
               ·               You               have               health               coverage               through               a               plan               maintained               by               your,               or               your               spouse's               current               or               former               employer,               and               the               employer               pays               50%               or               more               of               the               cost               of               the               coverage.


               ·               You               are               entitled               to               Medicare,               even               if               you               are               not               enrolled               and               are               not               receiving               benefits.


               ·               You               are               enrolled               in               the               Federal               Employees               Health               Benefits               Program               (FEHBP).


               ·               You               are               enrolled               in               Medicaid,               or               the               State               Children's               Health               Insurance               Program               (SCHIP).


               ·               You               have               health               coverage               through               the               military               (TRICARE/CHAMPUS).

But               this               does               not               include               Veterans               Affairs               (VA)               benefits.


               ·               You               can               be               claimed               as               a               dependent               on               someone               else's               tax               return.
               There               are               additional               eligibility               requirements               for               workers               who               are               at               least               50               years               of               age               and               are               receiving               ATAA               benefits.

You               are               not               eligible               for               the               Health               Coverage               Tax               Credit               if               you               are               enrolled               in               a               qualified               health               plan               and               any               of               the               following               apply:               
               ·               You               have               health               coverage               and               your               or               your               spouse's               current               or               former               employer               is               paying               any               of               the               cost               of               your               health               coverage.


               ·               You               are               eligible               for               health               coverage,               and               if               you               had               coverage,               your               or               your               spouse's               employer               or               former               employer               would               pay               50%               or               more               of               the               cost.


               ·               You               or               your               spouse               could               pay               for               the               cost               of               your               health               coverage               on               a               pre-tax               basis.
               Family               Members
               If               you               meet               all               of               the               eligibility               requirements,               and               your               family               members               are               not               covered               by               other               health               insurance               coverage,               you               can               use               the               Health               Coverage               Tax               Credit               to               help               pay               for               the               cost               of               health               insurance               for               them.
               What               Health               Plans               Qualify?
               In               order               to               be               able               to               take               advantage               of               the               Health               Coverage               Tax               Credit,               you               must               be               enrolled               in               what               is               defined               as               a               qualified               insurance               plan.

The               family               members               you               want               to               qualify               for               the               credit               must               also               be               enrolled               in               a               qualified               plan.

This               can               be               the               same               plan               in               which               you               are               enrolled,               or               in               a               separate               plan,               provided               it               is               a               qualified               plan.
               The               following               are               defined               as               qualified               health               insurance               plans               for               purposes               of               the               Health               Coverage               Tax               Credit:               
               ·               COBRA               extended               health               plans.

These               are               temporary               extensions               of               job-related               health               coverage               that               an               employee               can               elect               after               a               layoff,               termination,               or               other               specified               events.


               ·               Non-group               coverage.

This               is               an               individual               health               insurance               policy               you               purchased               and               in               which               you               were               enrolled               at               least               30               days               before               you               were               separated               from               your               employer               and               became               entitled               to               TAA,               ATAA               or               PBGC               benefits.


               ·               Spousal               coverage.

You               can               be               covered               under               your               spouse's               employer-sponsored               health               plan,               provided               the               employer               pays               less               than               50%               of               the               cost               of               the               coverage.

Whether               you               can               claim               the               Health               Coverage               Tax               Credit               as               an               advance               payment               or               as               a               refund               depends               on               whether               the               coverage               is               under               COBRA.

If               the               coverage               is               COBRA,               you               can               claim               the               advance               payment               option.

If               not,               you               can               only               claim               a               refund               when               you               file               your               tax               return.


               ·               State               qualified               health               plans.

A               list               of               these               plans,               listed               by               state,               can               be               found               in               the               IRS               website,               under               the               "Individuals"               tab,               under               the               title               "HCTC:               Individuals               -               Overview",               at               www.irs.gov.
               What               Types               of               Coverage               Qualify?
               The               Health               Coverage               Tax               Credit               is               intended               to               help               pay               for               comprehensive,               major               medical               coverage.

Therefore,               supplemental               coverage,               such               as               for               dental,               vision,               and               long-term               care,               do               not               qualify               for               the               credit,               unless               they               are               included               as               part               of               a               comprehensive               benefit.

But               a               policy               that               covers               prescription               drugs               generally               qualifies               for               the               credit,               whether               it               is               a               separate               policy               or               part               of               major               medical               coverage.
               Other               types               of               health               care               coverage               that               do               not               qualify               for               the               credit               include:               
               ·               Medicare               supplemental               (Medigap)               insurance.


               ·               TRICARE               supplemental               insurance.


               ·               Coverage               for               on-site               medical               clinics.


               ·               Hospital               indemnity               or               other               fixed               indemnity               insurance.


               ·               Accident               or               disability               insurance.


               ·               Liability               insurance.


               ·               Workers'               compensation               insurance.


               ·               The               medical               payment               portion               of               automobile               insurance.


               ·               Benefits               for               nursing               home               care,               home               health               care,               or               community-based               care.


               ·               Insurance               for               a               specific               disease               or               illness.


               ·               Coverage               under               a               flexible               spending               arrangement,               such               as               a               Health               Savings               Account               (HSA)               or               an               Archer               Medical               Savings               Account               (MSA).
               Preexisting               Conditions               
               
               When               you               are               a               candidate               for               the               Health               Coverage               Tax               Credit,               the               qualified               medical               plan               may               impose               preexisting               condition               exclusions.

The               plan               may               exclude               payment               for               treatment               related               to               a               preexisting               condition               if               you               had               less               than               3               months               of               continuous               health               coverage               before               you               became               eligible               for               the               credit,               or               if               you               had               a               break               in               coverage               of               over               62               days               immediately               before               applying               for               enrollment               with               the               qualified               health               plan.
               How               To               Claim               the               Health               Coverage               Tax               Credit
               There               are               two               ways               to               claim               the               credit:               
               ·               In               advance,               on               a               monthly               basis               during               the               year.

Here               you               receive               the               credit               in               installment               amounts               ahead               of               time,               and               can               use               that               money               to               pay               the               health               coverage               premiums               as               they               become               due.


               ·               In               a               lump               sum,               when               you               file               your               annual               federal               income               tax               return.

In               this               case,               the               refund               is               received               in               one               single               amount,               for               the               qualified               health               coverage               premiums               you               paid               during               the               tax               year.
               Claiming               the               Credit               in               Advance
               In               order               to               claim               the               credit               in               advance,               you               have               to               be               registered               with               the               HCTC               program.

You               do               this               by               completing               and               sending               in               the               registration               form               that               is               included               in               the               HCTC               Program               Kit               that               is               sent               to               you               when               you               become               eligible.

If               you               believe               that               you               qualify,               but               do               not               receive               this               kit,               you               should               contact               your               State               Workforce               Agency.
               The               steps               you               need               to               follow               to               receive               advance               payment               of               the               Health               Coverage               Tax               Credit               are               summarized               as               follows:               
               1.

Apply               for               and               receive               either               TAA,               ATAA,               or               PBGC               benefits,               as               applicable               in               your               case.


               2.

Enroll               in               a               qualified               health               plan.


               3.

Receive               the               HCTC               Program               Kit.

Complete               and               mail               the               registration               form.


               4.

Apply               for               state-level               assistance               for               the               HCTC               (National               Emergency               Grant               -               NEG               Bridge               Grants)               if               available               in               your               state.

This               will               help               you               pay               the               health               coverage               premiums               while               you               are               registering               for               the               HCTC               advance               payment.


               5.

Continue               paying               100%               of               your               health               coverage               premiums,               until               you               receive               an               HCTC               invoice.

You               can               claim               a               refund               for               these               amounts               you               pay               when               you               file               your               annual               federal               income               tax               return.


               6.

Once               your               registration               is               complete,               and               you               are               enrolled               in               the               HCTC               program,               you               will               begin               receiving               monthly               invoices               from               the               program.

You               must               pay               the               HCTC               portion               on               the               invoice,               which               is               35%               of               your               total               health               coverage               premium.

HCTC               will               then               send               your               payment               along               with               their               payment               for               the               65%               balance,               to               your               health               plan.
               Claiming               A               Refund               on               Your               Tax               Return
               You               can               claim               the               Health               Coverage               Tax               Credit               on               your               annual               federal               income               tax               return               if               you               qualify               for               the               credit               but               did               not               apply               for               advance               payments.

You               can               also               claim               a               refund               for               the               premiums               you               paid               in               full               yourself,               while               you               were               in               the               processing               of               registering               for               the               advance               payment.
               IRS               Form               8885,               Health               Coverage               Tax               Credit,               is               used               to               claim               the               refund.

This               form               should               be               completed               and               attached               to               your               annual               income               tax               return.

There               are               detailed               instructions               indicating               how               to               complete               the               form,               and               the               supporting               documentation               you               need               to               provide.

For               example,               you               will               need               to               attach               invoices               and               proof               of               payment               of               the               health               coverage               premiums               you               paid               yourself               while               in               the               process               of               registering               for               the               credit.

Form               8885               and               its               instructions               can               be               downloaded               from               the               IRS               website.
               Provided               the               eligibility               requirements               are               met,               the               Health               Coverage               Tax               Credit               is               available               to               citizens               and               residents               of               the               U.S.

as               well               as               nonresident               aliens.

A               U.S.

citizen               or               resident               would               file               Form               8885               with               Form               1040,               and               a               nonresident               alien               would               file               Form               8885               with               Form               1040NR.
               If               you               receive               advance               payments               during               the               year               you               should               receive               a               Form               1099-H               in               the               early               part               of               the               next               year,               reporting               the               advance               payments               you               received.

The               information               on               Form               1099-H               is               used               to               complete               Form               8885.
               Questions
               In               the               IRS               website,               with               the               keyword               HCTC,               you               can               find               a               list               of               frequently               asked               questions               about               the               Health               Coverage               Tax               Credit               program,               who               is               eligible,               what               plans               qualify,               and               how               to               claim               the               benefits               of               this               program.









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