Most people have heard of the Affordable Care Act (Obamacare). Unfortunately, recognizing the name and knowing exactly how it impacts you personally are two entirely differently things. The bright side is that you are not alone. A lot of people are not really sure how Obamacare affects them.
It is unfortunate how many tax payers do not have health insurance. For most people it boils down to the fact that they simply cannot afford it with everything else that they have to pay every month.
TurboTax has decided to step in and help change that. A lot of people are entitled to government assistance when it comes to medical insurance. Unfortunately, most of these individuals are unaware of the fact that they qualify for it. TurboTax recognizes that issue and has decided they wanted to do what they can to change that.
You May Qualify for Government Assistance
As a result, TurboTax has taken the initiative to create a health care calculator. This calculator can be used by tax payers in order to determine if they qualify for government assistance when it comes to health care. The calculator will inform them if they qualify for Medicare, Medicaid, or another form of insurance provided by their state.
It can also be used to determine if they are entitled to government assistance when it comes to paying for their health care insurance. Lastly, the calculator can be used to determine if they are entitled to a health care insurance related tax credit or deduction.