The Affordable Care Act (ACA), also known as the health care law was created to expand access to coverage, control health care costs, and improve health care quality and care coordination.
Yes, that one. I wanted to know if my veterans health coverage qualifies me for ACA. Does it?
Yes, your health coverage meets the minimum essential coverage requirement for 2018 if you were signed up for one of the listed programs.
Were you covered under one of these programs in 2018?
Yes. According to the list on your official page I was.
In that case, you won't have to pay the fee when you file your 2018 taxes.
Those are great news, indeed. I've also read about penalties and it said I won't have to pay one, is that correct?
Through the end of 2018, the ACA required all U.S. taxpayers to have health coverage that met a minimum standard called the minimum essential coverage requirement unless they qualified for an exemption due to certain life events, financial status, or other factors. This meant that if you had affordable health coverage options, but chose not to buy health insurance, you would have to pay a fee when filing your taxes.
I see. So I don't have to pay a penalty as long as I fulfill those conditions, right?
Exactly. You don't have to pay a penalty if you don't have health insurance in 2019 or any year after that.
Did you NOT have coverage or an exemption in 2018?
Yes, I didn't have coverage.