DelBene Cosponsors Bill to Help Families Access Affordable Health Coverage
Targeted News Service |
Joining 15 of her colleagues, Congresswoman
"Ensuring that Americans have access to affordable, quality healthcare requires us to make responsible reforms to the Affordable Care Act," said DelBene. "The Family Coverage Act provides an important fix to the so-called 'family glitch' and will help middle class families afford quality health insurance by giving them access to valuable premium tax credits."
Under the Affordable Care Act, large employers must offer comprehensive, affordable health coverage to their employees. If the employee's share of premium costs is less than 9.5% of household income, the coverage is considered "affordable" and the employee is ineligible for tax credits to help buy health insurance on the health exchange. However, the
The Family Coverage Act fixes the glitch in the definition of "affordable" coverage by allowing an employee's dependents to access premium tax credits if the cost of family coverage offered by an employer is greater than 9.5 percent of household income.
"I try hard to provide my employees with meaningful benefits that support them and their families, while ensuring that I can invest in and grow my business. The 'family glitch' poses a real challenge in balancing those goals," said
A summary of the Family Coverage Act is available HERE.https://delbene.house.gov/sites/delbene.house.gov/files/Summary%20of%20the%20Family%20Coverage%20Act.pdf
TNS 30TacordaCheng-140618-4769534 30TacordaCheng
Copyright: | (c) 2014 Targeted News Service |
Wordcount: | 451 |
Do What You Can Afford To Do
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News