Navigation Links
Zane Benefits Publishes New Information on Health Care Reform and Adjusted Gross Income (AGI) vs. Modified AGI

Park City, Utah (PRWEB) February 01, 2013

Today, Zane Benefits, Inc. published new information on Health Care Reform and Adjusted Gross Income versus Modified Adjusted Gross Income. Zane Benefits, which provides comprehensive and flexible alternatives to traditional employer sponsored health benefits, is the leader in defined contribution and health reimbursement accounts.

According to Zane Benefits’ website, Modified Adjusted Gross Income is a measure used by the IRS to determine if a taxpayer is eligible to use certain deductions, credits, or retirement plans. Beginning in 2014, individuals who purchase health insurance coverage through one of the new health insurance exchanges will be eligible for financial assistance if their income is no more than 400% of the federal poverty line (FPL). “Modified Adjusted Gross Income” (not "Adjusted Gross Income") will be used in determining eligibility for these premium tax subsidies.

What is Adjusted Gross Income?

According to Zane Benefits’ website, generally, your Adjusted Gross Income (AGI) is you household's income less various adjustments. Adjusted Gross Income is calculated before the itemized or standard deductions, exemptions and credits are taken into account.

What is Modified Adjusted Gross Income?

According to Zane Benefits’ website, generally, your Modified Adjusted Gross Income (MAGI) is the total of your house hold's Adjusted Gross Income and any tax-exempt interest income you may have (these are the amounts on lines 37 and 8b of IRS from 1040).

How to Calculate Your Gross Income (GI)

According to Zane Benefits’ website, your gross income is the money you earned through wages, interests, dividends, rental and royalty income, capital gains, business income, farm income, unemployment and alimony. This is the basis for your AGI calculation.
Gross income includes salary, interest earned, income from investments and basically any income you made through business, trade or investments.

How to Calculate Your Adjusted Gross Income (AGI)

According to Zane Benefits' website, once you have gross income, you "adjust" it to calculate your AGI. You make adjustments by subtracting qualified deductions from your gross income.
Adjustments can include items like some contributions to IRAs, moving expenses, alimony paid, self-employment taxes, and student loan interest. There are many free AGI calculators available online.

Click here to read full article.


About Zane Benefits

Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangement (HRAs) and defined contribution healthcare. The flagship software provides a 100% paperless administration experience to employers and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Zane Benefits Publishes New Information on Actuarial Value (AV)
2. Impotence Drug Cialis Might Have Other Sexual Benefits: Study
3. Coming Out Can Bring Health Benefits, Study Says
4. Study demonstrates health benefits of coming out of the closet
5. Some health benefits of berries may not make it past your mouth
6. Zane Benefits Publishes New Information on Compliant HRA Software
7. New Health Benefits of Water Report Now Available at
8. United Benefit Advisors Celebrates 10th Anniversary and Recognition as One of the Nation's Top 5 Employee Benefits Organizations
9. Physical therapy in the intensive care unit benefits hospitals bottom line
10. Implanted Heart Devices Have Real-World Benefits: Study
11. Sozo Nutritionals Announces Release of Svetol® Based Natural Weight Loss Product Backed By Several Clinical Studies Showing Remarkable Weight Loss Benefits
Post Your Comments:
(Date:10/12/2015)... Carolina (PRWEB) , ... October 12, 2015 , ... Kevin Costello, winner of the “Check-In ... Carolina , embarks today for his dream vacation to Hawaii. , “I didn’t believe I ... out,” he says. “This contest encouraged me to get to the gym and invest in ...
(Date:10/12/2015)... ... October 12, 2015 , ... Amerec , a ... of spa and skin care equipment, will be displaying custom sauna and steam room ... With many high-end resorts and spas as customers, SpaEquip is recognized for their ability ...
(Date:10/12/2015)... ... October 12, 2015 , ... The ... by individuals who lack professional education and clinical training in a health care ... a variety of purposes such as: losing weight, managing pain, or stopping smoking, ...
(Date:10/12/2015)... ... ... American Family Care (AFC), the nation’s leading provider of urgent care and ... Located at 606A Boll Weevil Circle in Enterprise, it is the company’s ninth location ... quality health care accessible and economical with the opening of our medical center in ...
(Date:10/12/2015)... ... 12, 2015 , ... At first glance, it looks like a mini parachute ... a drink in a tiki bar. But the Parachute® Ventricular Partitioning Device being implanted ... (AGH) could potentially signal a new way of treating people with heart failure. , ...
Breaking Medicine News(10 mins):
(Date:10/12/2015)... Center for Innovation announced today that Elizabeth ... th recipient of the CME Group Melamed-Arditti Innovation ... Theranos , to change health care from reactive to proactive, ... care. CME Group will present the award at the eighth ... Naples, Florida , on Tuesday, November 17. ...
(Date:10/12/2015)... PUNE, India , October 12, 2015 ... new market research report "Spirometer Market by Product (Hand-held, Table-top, ... (Hospital, Clinic, Homecare), Application, & Geography - Global Forecast to ... reach USD 858.6 Million by 2020, at a CAGR of ... data Tables and 128 F igures spread th ...
(Date:10/12/2015)... ) ... "Personalized Medicine, Targeted Therapeutics and Companion Diagnostic ... Industry Trends, Technologies, Participants, and Environment" ... ) has announced the addition of ... Companion Diagnostic Market to 2019 - Strategic ...
Breaking Medicine Technology: