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Affordable Care Act Part 3: Important dates

Posted on Monday, September 9, 2013 by Health_and_Fitness

Starting January 1, 2014, if someone doesn't have a health plan that qualifies as minimum essential coverage, a penalty will apply. The penalty fee is equal to one percent of a person’s income or $95 per adult (whichever amount is higher) in 2014 to 2.5 percent of income or $695 per adult in 2016. The fee for children is half the adult amount.  It's important to remember that even when an individual pays the penalty, they won't receive any health insurance coverage, and they are still responsible for 100 percent of the cost of their medical care.  

After open enrollment ends on March 31, 2014, individuals won't be able to get health coverage through the Marketplace until the next annual enrollment period, unless there is a qualifying life event

The HealthCare.gov web site provides more information regarding the penalty policy of the Affordable Care Act and Health Insurance Marketplace.

Our library has some great resources that can help you learn more about this topic.  Some recommended titles include New Care System,  Beating Obamacare and Health Care Reform Simplified, an ebook from Books 24x7 Health and Wellness Essentials

Tagged: Health care reform, law and legislation, Medical care, Medically uninsured persons, National health insurance, PlaneTree News, Campbell News, Affordable Care Act, Health care reform

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