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The Affordable Care Act (Obamacare): If You Have Health Insurance


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The Act imposes a tax of 10% on the amount paid for indoor tanning services.


Medical Deductions For Tax Purposes: Health Reform 2010:

  • Increases the threshold for deduction of unreimbursed medical expenses from 7.5% of adjusted gross income to 10% of adjusted gross income for regular tax purposes.
  • Waives the increase for individuals age 65 and older until tax year 2017. 

Medicare Part A: Health Reform 2010 increases the Medicare Part A (hospital insurance) tax rate on wages by 0.9% (from 1.45% to 2.35%) on earnings over $200,000 for individual taxpayers and $250,000 for married couples filing jointly

Unearned Income:  The Act imposes a 3.8% Medicare tax on unearned income individual taxpayers with adjusted gross income over $200,000 and married couples filing jointly with adjusted gross income over $250,000. This includes income from interest, dividends, capital gains, annuities, royalties and passive rental income. It does not include tax-exempt interest or retirement plan payouts. .

Medical Devices: The act imposes an excise tax of 2.3% on the sale of any taxable medical device.

Insurers of employer-sponsored health plans: The Act imposes a tax on insurers of certain high-value employer sponsored health plans.

Pharmaceutical Manufacturers and Health Insurance Companies:

  • Health Reform 2010 imposes new taxes to pay for health reform on the pharmaceutical manufacturing sector and the health insurance sector starting in 2012 and 2014 respectively.
  • The Act limits the deductibility of executive and employee compensation to $500,000 per applicable individual for health insurance providers.

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