The Affordable Care Act Remains

The Affordable Care Act Remains

After much debate in Washington D.C. last year, the Affordable Care Act remains the law of the land though there was one important change you should understand. In the federal tax bill that was passed by Congress in late 2017, the penalty requiring individuals to have a Qualified Health Plan or pay a penalty was repealed, starting in 2019. This is the only part of the law that was repealed and for 2018, the tax penalty for not having health insurance remains the law. The rest of the law, including financial assistance in the form of tax credits, remains in place.