For this topic we will discuss the following case. Alex Murphy is 27 years old, and lives and works in Stamford. He is single with no dependents. He previously had health insurance under his parents’ health insurance policy, but he is no longer on his parent’s plan. He works as an independent contractor in a start-up-related job and earns $60,000 a year; his job does not include employer-provided health care coverage. 1. From a financial perspective, why does Alex need health insurance? 2. Briefly explain what the Affordable Care Act is and what it does. To get an overview, see . 3. Will Alex be charged a fee when he files his 2019 federal income tax return if he does not have health insurance coverage in 2019? For more read - exemptions/fee-for-not-being-covered/ . 4. What is the “health insurance marketplace” in Connecticut? You can get information on this at 5.
- Spring '08
- Alex Murphy