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Form 1095-C online Gresham Oregon: What You Should Know

A qualified health plan is any form of health insurance provided by an employer or a governmental agency that meets the following requirements: It must provide at least the minimum essential coverage required by the federal requirements. It must provide health coverage unless the employee qualifies for an exemption under Section 1311(b)(4) of the Internal Revenue Code. It must offer a significant difference in benefits than the minimum essential coverage provided by any qualified health plan offered in the marketplace (or other health insurance offered by an employer).  What You Can Expect to Pay We estimate the annual tax payment using the following assumptions with the information you entered on your application. If you are uninsured, the payment for self-only coverage is the tax due. The tax due on family coverage is the tax due per person (family coverage includes 2 or more people if they qualify for a larger family tax exclusion) divided by the total number of people in the family. Your monthly premium for individual coverage is estimated based on all types of premiums with a minimum monthly payment of 12 and a maximum monthly payment of 24 for a family plan. Please know that you can pay any amount you want to in order to claim the health insurance tax credits, but you have to report the full amount of your tax return on the application. If you miss the filing deadline for your tax return you will be penalized for the full amount of coverage you paid. If you do not file a tax return by the April 15 due date, you may have to pay a penalty or may be subject to other restrictions. Please contact your broker if you have any questions or concerns about this program.

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