Rayfield Luzim & Company, Garden City NY

Rayfield Luzim & Company, Garden City NY
Full service tax, accounting, and business services.

Tuesday, October 21, 2014

Within the Affordable Care Act, If a person changes health coverage during the year and end up with a gap when the person is not covered, will the taxpayer owe a payment?

Individuals are treated as having minimum essential coverage for a calendar month if they have coverage for at least one day one day during that month. Additionally, as long as the gap in coverage is less than three months, you may qualify for an exemption and not owe a payment #TaxGuyofLI #GardenCity

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