Are you continue to among the numerous Americans that do not have health care insurance? Did you loose your health care insurance in the season and missed the special enrollment period? Did you be given a tax penalty last year as a result of 't be Affordable Care Act compliant? The wait is nearly in your case.
Open enrollment to the Health Insurance Marketplace begin on November 1, 2015 and runs until January 31, 2016.
If you're un-insured, under insured, or received a tax penalty to be non-compliant with the Affordable Care Act of 2010 then this is time to act.
Coverage will start the moment January 1, 2016. Plans purchased with the Health Insurance Marketplace are compliant with all the Affordable Care Act.
If you can afford medical health insurance but choose not to buy it, you need to pay a fee or possess a well being services exemption. (The fee is oftentimes called the "penalty," "fine," "individual responsibility payment," or "individual mandate.")
If there isn't health insurance in 2016, you'll pay the higher of these two amounts:
2.5% of your respective yearly household income (Only the quantity of income higher than the tax filing threshold, about $10,150 for anyone in 2014, is utilized to calculate the penalty.) The maximum penalty could be the national average premium to get a Bronze plan.
$695 per person ($347.50 per child under 18) The maximum penalty per family like this is $2,085.
This fee will probably be paid for the federal tax return to the year which you was without health care insurance coverage. So if you were un-insured for 2015 you will file your taxes by April 15, 2016 and the fee is going to be paid at that time.
If that you do not sign up for a 2016 medical insurance plan by January 31, 2016, you can not become a member of a medical insurance plan for 2016 if you don't qualify for a Special Enrollment Period.
The Health Insurance Marketplace offers several plan options to match your budget and medical needs.