When U.S. President Obama signed the Affordable Health Care for America Act into law on March 23, 2010, many people became concerned about its impact on their lives. In particular, veterans and their families under the VA health care system, Tricare and CHAMPVA have been wondering how this will affect their coverage.
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Obamacare and CHAMPVA
Under the Act, CHAMPVA and Tricare are supposed to be protected and counted as “creditable coverage” as is enrollment in the VA health care system. What this means is is that people who use these programs will see no changes to their benefits– unless the law changes.
As of now, CHAMPVA beneficiaries have nothing to worry about. Your coverage counts as minimum creditable coverage. You do not have to do anything. The same holds true for their veteran sponsors who are enrolled in the VA health care system.
CHAMPVA benefits are set by law. For these to change, the law must first be altered as well.
See the CHAMPVA Magazine, Volume 4, Number 1.
Obamacare and 2013 Taxes
The Affordable Care Act will not affect 2013 tax returns. It will affect tax returns beginning with the 2014 return. If you use software like Turbo Tax to do your taxes, it should tell you the same thing. Consult with your tax professional about how Obamacare may affect your tax responsibilities.