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It’s created for people like
Rosales and millions of others like her can now use TurboTax AnswerXchange, an independent social community dedicated to helping people make health insurance decisions with confidence. Available now at www.turbotaxanswerxchange.com, the AnswerXchange is free. It analyzes the personal information provided by users and combines that with the knowledge and experience of an online community to provide answers for the millions of Americans who need health insurance answers tailored to their family, income, location and health needs.
Unlike other online question-and-answer sites, the TurboTax
AnswerXchange provides personalized answers to the hundreds of questions
Americans are asking about the Affordable
Care Act. In the face of continued confusion and uncertainty about
health care reform, the need for individualized answers has never been
greater. According to a recent
“Health care decisions are highly personal and one-size definitely does
not fit all,” said Jane Sarasohn-Kahn MA, MHSA, health economist and
management consultant with
Online Q&A Reinvented
The TurboTax AnswerXchange is uniting the power of the community with advanced algorithms into a single solution to deliver specific, personalized health coverage answers to hundreds of questions in ways that neither could do alone. The best answers rise to the top, allowing the community to sort the wheat from chaff to show each user the best questions and answers that are most relevant to them.
Users start by completing a few simple questions: marital status, age, children, income and state of residence. The TurboTax AnswerXchange automatically shows them how much the government will pay for their health insurance if they qualify. It also shows the estimated penalty for those who decide not to purchase healthcare coverage. This information helps people make an informed decision to meet their health care needs and budget.
A clear, simple design makes it easy to find and view questions and answers. Users can sign up to follow individual questions, each other and topic areas to stay current on the most relevant information for them. Users who can’t find a question similar to theirs can submit their own.
The AnswerXchange is expanding to answer individual questions with specific answers. The answers will become increasingly relevant and improve as more and more people participate. Users have already asked more than 1,000 questions, with that number more than doubling every two weeks.
“With so many variables under the Affordable Care Act, each person needs
a personalized answer based on where they live, their family makeup, how
much money they make and how much out-of-pocket expense they can
The Power of Pros and Peers
The TurboTax AnswerXchange combines the expertise of tax and health care professionals and the personal experience of peers. The AnswerXchange is inspiring a growing group of contributors who themselves are navigating the waters of health insurance decision-making providing answers to wide-ranging questions
Another early user,
“My husband has diabetes and I’m paying a lot of money for insurance through my employer and our medical expenses are high. I needed to know whether we’d pay less for insurance and if my husband would be able to get coverage with his pre-existing condition,” Nava said. “I used the TurboTax AnswerXchange and learned that because my employer-sponsored insurance is not considerable affordable under the new law, we’re eligible for a subsidy and will pay much less for insurance. Now we have the peace of mind and confidence to move forward and find the right plan for us.”
Its flagship products and services include QuickBooks®, Quicken® and TurboTax®, which make it easier to manage small businesses and payroll processing, personal finance, and tax preparation and filing. Mint.com provides a fresh, easy and intelligent way for people to manage their money, while Demandforce® offers marketing and communication tools for small businesses. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants.
Founded in 1983, Intuit had revenue of
Ashley McMahon, (858) 215-9069 (Media)
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