Health Insurance Deadline

With an effort to make the American population an insured population, the government has worked on a health insurance individual mandate for in recent years. With this work, it is essential that individuals who are financially able to have health insurance finally buy it if not already personally purchased.

February 15, 2015 is the deadline under the ACA and if health insurance is not purchased by then there will be either a $325 per person ($162.50 per child under 18) penalty with a maximum of $925 worth of penalties or a 2% yearly household income penalty that is maximized at the national average for premium on a bronze plan (Fees & Exemptions, 2015).

Unless under one or multiple of the categories below, it is essential to seek individual/family health insurance before the February 15th deadline:

• Income is below the tax filing limit

• Suffer a hardship that prevents you from being able to buy health coverage

• Health coverage is unaffordable for you

• Currently incarcerated

• Time without coverage is less than three months

• Religious objection

• Undocumented immigrant

• Member of an Native American tribe

With expansion in government programs such as Medicaid there are more ways to become part of the insured population! Provided below is a link in which can help guide individuals towards choosing a health insurance plan!

HEALTH INSURANCE INFORMATION

Reference

Fees & Exemptions. (n.d.). Retrieved January 28, 2015, from https://www.healthcare.gov/fees-exemptions/fee-for-not-being-covered/