Enrollment for Affordable Care Act (ACA) health insurance plans is coming to a close very soon, making now your last opportunity to make your decision. So if you are purchasing a plan, now is the time to act.
Open enrollment period for the ACA ends tomorrow, January 31, 2017, and if you miss it, you miss it, which means you won’t be able to buy ACA coverage for 2018 on your state’s health care marketplace until later this year.
Avoid ACA Penalties
Without the appropriate healthcare coverage, you may find yourself facing fines for being uninsured, which can be a significant hit to you and your family.
Currently, the ACA penalty for 2017 remains at 2.5% of total household adjusted gross income. However, the flat fees, which are currently $695 for adults and $347.50 per child, capped at $2,085 per family, will be adjusted for inflation for the next year.
Do You Qualify For Special Circumstances?
Some special circumstances may occur, such as a job loss or a divorce, which may leave you with the ability to qualify for healthcare coverage, up to 60 days after the significant event.
In addition, you may enroll in the Children’s Health Insurance Program or Medicaid at any time.
Navigating the ACA website can be difficult and time consuming, especially with the latest concerns regarding the lack of choice of ACA health insurers in particular geographical areas.
Do not delay! Contact Brazelton Insurance Group today to ensure you are meeting the deadline!