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Qualifying Health Coverage
is insurance that meets the minimum essential medical benefits and other requirements set by the Affordable Care Act or other applicable laws.
Shared Responsibility Payment
This refers to a penalty that was imposed by the Affordable Care Act on individuals who did not obtain health insurance coverage that met the federal requirements.
Household Income
The total income received by all members of a household, combining various sources of income into one figure.
Married Couple
Two individuals united in marriage, considered a single entity for purposes of filing joint tax returns and assessing tax liabilities or benefits.
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