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The Affordable Care Act and your taxes

The Affordable Care Act promises access to health care by providing affordable coverage. But finding a policy that meets your health care needs and your budget requirements can be daunting. Many consumers focus on premiums, but out-of-pocket expenses can turn what at first appears to be an affordable plan into a financial burden.

Should I comply with the new federal mandate to purchase health insurance starting Jan. 1, 2014, or pay the tax penalty instead? Will I qualify for a subsidy? Does my employer ‘offer’ health insurance? Experts recommend seeking professional advice because of the complex nature of the Affordable Care Act.

Join Pat Schenck of Liberty Tax Service and Jeanne’ Andrews of Benefits Choices Count at one of two informational meetings at Liberty Tax Service, 4072 E. Grand River Ave. in Howell, in the first shopping center of the southeast corner of Latson Road and Grand River Ave.

Meetings are set for 6:30 p.m. Wednesday, Oct. 23, and 12:30 p.m. Wednesday, Nov. 6.

RSVP to Pat Schenck at 517.540.1040 or howell.11372@libertytax.com, or Jeanne’ Andrews at 810.991.1020 or jandrews@USABG.net.

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