ACA Saves The Day! Learn How You Can Qualify For Tax Credits Today!
Navigating health insurance can often feel like a daunting and confusing task, filled with stories of denied claims and unexpected costs. However, the ACA marketplace has dramatically transformed this landscape. With increased monthly assistance and strengthened cost-sharing reductions, the Affordable Care Act marketplace has become highly competitive. Thanks to premium increases in tax credits and cost sharing, many families are now experiencing significant reductions in their monthly premiums, and improvements to their benefits, making comprehensive coverage both accessible and affordable. Here’s a testimonial from one such family that saved thousands on their premiums from our consultation. A recent client of ours – Kelsey, was really struggling with the high costs of her employer's group insurance plan, which was taking a significant portion of her paycheck. When she came to us, we conducted a thorough analysis and discovered she could save substantially with an ACA marketplace plan.
Kelsey is a hardworking nurse and a devoted mother. Every day, she juggles the demands of her job with the needs of her family, ensuring her patients receive the best care while also being there for her loved ones. However, the high costs of her employer's group insurance plan were taking a significant portion of her paycheck, adding stress to her already busy life.
By switching to an ACA plan, Kelsey was able to access high-quality coverage at a fraction of the cost, thanks to available tax credits. This change meant more of her hard-earned money could go towards her family's needs and not just insurance premiums. We guided her through every step, ensuring a seamless transition and making sure she understood the benefits of her new plan.
“I absolutely hate dealing with anything insurance related, it gives me an insane amount of stress, but working with Matt was easy and stress-free! You have seriously given me years back of my life! He explained everything (multiple times), answered all my questions and helped me understand how everything worked! He made the process seamless and was able to give me information that I would have never known, saving my family thousands of dollars a year, and I am just so very grateful! I highly recommend Abbott Family Insurance, they truly care about their clients and go above and beyond to help families like mine, get the information and the right plans to fit our lives and budget! Thanks a million guys!!”
What are Tax Credits?
Tax credits under the ACA are designed to make your health coverage more affordable! The amount of the tax credit gained is based on your income and the cost of insurance in your area, and it is applied directly to your monthly insurance premium. Determining your eligibility for tax credits involves several factors:
Income: Your household income must fall between 100% and 400% of the federal poverty level.
Household Size: The number of people in your household affects your eligibility.
State of Residence: Insurance costs vary by state, impacting the amount of your tax credit.
Get Assistance Now
At Abbott Family Insurance, we are committed to helping you find the best health insurance plan for your needs and budget. Contact us today for a no-charge consultation with a licensed advisor. Let us help you navigate the ACA marketplace, determine your eligibility for tax credits, and maximize your savings. Don't miss out on the opportunity to secure affordable, comprehensive health coverage.
Frequently Asked Questions
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Yes, you can apply if you qualify for a special enrollment period due to life events like marriage, job loss, or birth of a child.
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Yes, ACA plans cover pre-existing conditions without charging higher premiums
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Report income changes to the marketplace as they occur to adjust your tax credits accordingly
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The threshold varies by household size, but generally ranges from 100% to 400% of the federal poverty level.
