Ask a CPA

If you can’t afford health insurance, subsidies are provided. The Affordable Care Act is designed to provide a subsidy or tax credit to low and middle income individuals so they can afford to buy health insurance. People who purchase insurance through an exchange may be eligible for the Premium Assistance Credit.
The credit is refundable and payable in advance directly to the health insurer. The individual will then pay the difference between the total premium and the credit. For employed individuals, the premiums can be made through payroll deductions. Direct subsidies are also available.

Generally, uninsured individuals who purchase health insurance through an online health insurance marketplace or exchange and have income no greater than $94,200 for a family of 4, may be eligible for a government subsidy to help pay for health insurance.
The subsidy will be in the form of a tax credit.The credit or subsidy will be applied to your insurance premium when you purchase it in 2014.
To figure out if you’re eligible for a subsidy, you need to determine your household size and household income and see where it falls within the federal poverty line.
Subsidies are available up to 400% of the federal poverty line. Up to 133% of the federal poverty line, a family needs to devote 2% of its income towards the premium, with the balance subsidized by the government. The subsidy then decreases as income goes up.

An employer that does not deduct and withhold Additional Medicare Tax as required is liable for the tax unless the tax that it failed to withhold from the employee’s wages is paid by the employee.
Even if not liable for the tax, an employer that does not meet its withholding, deposit, reporting, and payment responsibilities for Additional Medicare Tax may be subject to all applicable penalties.

No. There is no requirement that an employer notify its employee.

No. There is no employer match for Additional Medicare Tax.

An employer is required to begin withholding Additional Medicare Tax in the pay period in which it pays wages in excess of $200,000 to an employee.

Generally, yes. But while all Marketplace plans offer the same general set of benefits, specific benefits may be different in each state. Even within the same state, there can be small differences between plans.
When you fill out your Marketplace application and compare plans, you'll see the specific benefits each plan offers.

To the extent that tips and other wages exceed $200,000, an employer applies the same withholding rules for Additional Medicare Tax as it does currently for Medicare tax.
An employer withholds Additional Medicare Tax on the employee’s reported tips from wages it pays to the employee.

When an employer deposits Additional Medicare Tax through the Electronic Federal Tax Payment System (EFTPS), when providing the deposit detail, regular Medicare tax and Additional Medicare Tax are entered as one combined amount.

The tax rate of 39.6 percent affects singles whose income exceeds $406,750 ($457,600 for married taxpayers filing a joint return), up from $400,000 and $450,000, respectively. The other marginal rates – 10, 15, 25, 28, 33 and 35 percent – and the related income tax thresholds are described in the revenue procedure.