The deadline to get health insurance approaches.
If you do not have access to health insurance provided by the employer and are not eligible for Medicaid or Medicare, you must ensure that you have health insurance that meets the requirements of the affordable care Act (ACA) before January 1, 2014.
If you do not receive insurance from qualified health before the deadline, you may be liable to a penalty tax to the IRS.
by planning ahead you can ensure you get the best deal for your situation and maintain medical coverage for yourself and your family.
research your plan options
to find health insurance, you can go directly to an insurance company, use a broker or insurance agent, or use an online service.
The federal government also provides a plan healthcare.gov Finder to help you find plans in your area. Note:. This plan detector is not the ACA health insurance market
The application of a plane
If you want to apply for health insurance that meets ABA rules, you can do it outside the ACA health insurance market, but you will not be eligible for a grant or a loan.
In addition, you may not get a reduction in costs depending on your income level.
must apply through the ACA market if you may qualify for credits or subsidies. To apply for health insurance through the market of the ACA, visit HealthCare.gov.
If you want to have insurance in effect on 1 January 2014 sickness, you must apply on December 23, 2014.
The open enrollment insurance market disease to 31 March 2014.
Avoid a penalty for not carrying health insurance
If you do not have health insurance in 2014, you might have to pay $ 95 per person penalty or 1% of your annual income, whichever is greater on your tax return due in April 2015.
However, you have until March 31, 2014, to register and avoid a penalty for not not having health insurance in 2014. this is true even if your insurance does not go into effect before 1 May
you do not have to worry about this penalty if your income is low enough you do not have to file a tax return.
you are also exempt from this law if you are a member of certain religious groups, a participant in a health care sharing ministry recognized, or are a member of a federally recognized tribe.
you also will not be penalized if your premiums cost more than 8% of your family income.
Make sure you have health insurance coverage
Remember, pay a fine for not carrying health insurance do not qualify for a care coverage medical. If you do not have insurance, you can pay a fine and be liable for catastrophic medical bills if you have a serious medical event.
It is important to plan ahead. The application of health insurance can take time, especially if you go through the ACA market.
What if my old age insurance plan is canceled?
Some insurance plans change when they renew in 2014 to meet the requirements of the ACA. In this case, you can accept the plan with its new terms, or shop for a new plan.
If your insurance company cancels your plan, it must notify you within 0 days of cancellation and give you the opportunity to buy one of their other plans
What is the highest deductible you consider to have on your health insurance plan
photo credit:.? Kalexander2010 via photopin cc
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