Do I have to enroll in Obamacare?
Yes. As part of the Affordable Care Act, all Americans must enroll in Obamacare (or an ACA-compliant health insurance plan). If you don't enroll you'll be fined $325 per adult in your family or 2% of income, which ever is greater. If you can't afford insurance, the government is providing free "subsidies," based on your income level, to help pay for your insurance. This is automatically deducted from your monthly insurance bill once you enroll. In 2014, the average subsidy was $264 and 82% of Americans that enrolled in Obamacare received a subsidy.
When is the deadline for Obamacare in 2015?
The "open enrollment" period starts November 15 and runs until February 15. You can only enroll in Obamacare or make changes to your plan during this time of year. You can enroll during the rest of the year only if you qualify for special circumstances (such as having a baby). The 2015 open enrollment period has been shortened from the 6 month time period in 2014 so consumers are encouraged to start enrolling as soon as possible to avoid peak periods and prevent delays.
What happens if I don't sign up for Obamacare?
If you don't have insurance, you'll be fined and you won't be able to receive free tax subsidiesto reduce your monthly cost until enrollment re-opens in November. For 2015 the fine is 2% of your yearly income or $325 per adult, whichever is higher, and there are additional fines if you have children. The fee increases every year. In 2016 it is 2.5% of income or $695 per adult, whichever is higher.
What if I can't afford health insurance?
If you're unemployed or make less than $46,680 a year you can get a tax subsidy to help you. Complete the short form above to see how much you're eligible for or give us a call anytime. We're here to help you 24/7.
How can I get a tax subsidy to lower my costs?
There are a number of ways to qualify. Even if you exceed the minimum of $46,680 as an individual, you may be able to qualify for credits.Complete the short form above to see how much you're eligible for or give us a call anytime. We're here to help you 24/7.
Can I sign up for short-term health insurance instead?
Short-term insurance aretemporary health insurance plan designed for people without health insurance or can't afford the rates of Obamacare coverage. Generally rates are far cheaper than Obamacare, however you can only have short-term insurance for less than 12 months and you'll have to provideany medical conditions that may increase your rate, unlike with Obamacare. Also, since it's not considered minimum essential coverage under the Affordable Care Act (ACA), and you'll have to pay a tax penalty at the end of the year – about $325 per adult in your family.
How do I apply for 2015 plans?
Complete the short form above to view rates and enroll online.