Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on the 2014 Federal Poverty Line Guidelines.
According to Zane Benefits’ website, the Federal Poverty Line (FPL) is the set minimum amount of gross income that a family needs for food, clothing, transportation, shelter and other necessities. In the United States, this level is determined by the Department of Health and Human Services (HHS). The Federal Poverty Line varies according to household size, and the number is adjusted for inflation and reported annually in the form of poverty level guidelines.
Under the Affordable Care Act (ACA) households with income between 100% and 400% of Federal Poverty Level (FPL) who purchase coverage through a state health insurance exchange will be eligible for a premium tax subsidy to reduce the cost of coverage.
According to Zane Benefits’ website, the 2014 FPL Guidelines impact those purchasing coverage for 2015.
About Zane Benefits
Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.