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February 06, 2015 | Leave a Comment
Don’t Play? Soon? You’ll Pay!
Much has changed in the world of individual health insurance coverage. Terminology such as guarantee issue, community rating and open enrollment didn’t exist until Healthcare Reform and the Individual Mandate changed the healthcare landscape and required individuals to obtain health insurance coverage, or face a penalty.
Though the Individual Mandate has been in place since 2014, recent polls and slower than anticipated national enrollment figures, suggest that a large percentage of Americans are still unaware of their obligation to obtain health insurance. For those that choose to go uninsured in 2015, you’ll likely be subject to a penalty based on a percentage of your household income or a flat fee – whichever is higher.
The good news? You have time….though not much. Open enrollment runs through February 15th, for a March 1, 2015 coverage effective date. After that, you cannot obtain coverage unless you qualify for a Special Enrollment Period.
With a few short days remaining, let us know how we can help. As Individual Coverage Consultants with The Cornerstone Insurance Group, Joanna Vidakis and Angela Gain can help bring solutions that speak to an individual’s specific circumstances.
The clock is ticking.
Read more about this by clicking here.