» Many Vets Are Slated To Get Tax Break For Heath Coverage

Many Vets Are Slated To Get Tax Break For Heath Coverage

Tampa, FL (Law Firm Newswire) July 26, 2013 - Veterans' health advocates have expressed concern that the Affordable Care Act may cause coverage subsidy issues for vets.

The House Committee on Veterans' Affairs recently held a meeting to clarify veteran health coverage. There has been some confusion among members regarding whether vets would qualify for new health insurance subsidies while also enrolled in health coverage via the Veterans Administration (VA). But according to a Treasury Department official, vets will have more options going forward, not fewer.

"Under the Affordable Care Act, vets who are already receiving their health care through the Veterans Administration system will not be required to purchase extra coverage to meet insurance requirements," said Tampa veterans attorney David W. Magann.

Vets may decide to get additional medical coverage, known as "exchanges," as coverage supplements, if they choose to do so. But, a Treasury Department spokesperson warns, those vets with exchanges will not be considered eligible for premium tax credits if also enrolled in the VA's health care coverage system. The premium tax credit breaks are intended to make coverage possible for vets with incomes at no more than 400 percent of the federal poverty level. The income ceiling limit is also being applied to non-veteran civilians, as a way to ensure that the premium tax credit is applicable for people who are not eligible for other coverage.

Individuals who are not veterans and who can only obtain their health insurance coverage through their employment are not able to decline; they must take their employer-offered coverage if it meets the agreed-upon standards for affordability and adequacy. The income standard for affordability is a premium with a ceiling of 9.5 percent of that person's income; the standard for adequacy is a coverage baseline of 60 percent of allowed medical expenses. If both affordability and adequacy are met, they likely will not receive similar tax credits.

However, veterans are able to choose whether they want to continue to get their VA health coverage or drop that coverage for a market-based coverage plan they elect to purchase instead. If so, they may still be able to get a tax credit, if they qualify.

To learn more about the Tampa veterans attorney David W. Magann and his law practice, go to http://www.tampaveteranslawyer.com/ or call 813-657-9175.

David W. Magann, P.A.
Main Office:
156 W. Robertson St.
Brandon, FL 33511
Call: (813) 657-9175

Tampa Office:
6107 Memorial Hwy
Tampa, Florida 33615

South Tampa Office:
Bank of Tampa Building
601 Bayshore Blvd Ste 105
Tampa, FL 33606


View Larger Map

  • Camp Lejeune: Water Contamination Update, Presumptive Conditions
    From the 1950s through the 1980s, people living or working at the U.S. Marine Corps Base Camp Lejeune, North Carolina, were potentially exposed to drinking water contaminated with industrial solvents, benzene, and other chemicals. VA has established a presumptive service connection for Veterans, Reservists, and National Guard members exposed to contaminants in the water supply at Camp Lejeune from August 1, 1953 through December 31, 1987 who later developed one of the following eight diseases: Adult leukemia Aplastic anemia and other myelodysplastic syndromes Bladder cancer Kidney cancer Liver cancer Multiple myeloma Non-Hodgkin’s lymphoma Parkinson’s disease Presently, these conditions are the only […]
  • How to File a Complaint With the Department of Veterans Affairs
    Different aspects of Veterans Administration (VA) operations fall under the responsibility of different agencies, you don’t simply file a complaint with the VA, rather, you file a complaint with the agency, bureau or person that oversees that aspect of the VA operations. The following are the general aspects of filing a complaint and your specific complaint may vary depending on the VA operations you are encountering. Health Care Complaints If you have a dispute about a patient’s health care, call the patient advocate at the VA medical center involved. A patient advocate is an employee responsible for taking your complaint and working […]
  • PTSD, "Post" Means After And At Any Time
    Government analysis finds Veterans with PTSD can suffer for decades before acknowledging the disorder. The year 2014 marks the 100th-year anniversary of the beginning of World War I, the so-called war to end all wars. And in a bit of irony, a study was released on August 8 that has found that, like the consequences of the “Great War,” the after-effects of combat stress among veterans, just like the after-effects of old wars upon conflicts years later, seems to linger for decades. The study, which was commissioned by the Department of Veterans Affairs, tracked veterans from as far back as the Vietnam […]

See other news sources publishing this article. BETA | Tags: , , , , ,



Get headlines from Law Firm Newswire sent right to your inbox.

* indicates required