According to Healthcare.gov you may still enroll into a health insurance plan even though it is past the Open Enrollment Deadline of Feb 15th. If you did not enroll into a plan for the 2014 year and owe a penalty on your 2014 Income Taxes you qualify for this Special Enrollment Period and may choose a plan to cover you for the rest of 2015. You may also apply for a tax subsidy to help cover a portion of the cost of the monthly premiums (income qualifications apply).
This new Special Enrollment Period began on March 15th and runs through April 30th.
The "shared responsibility payment" or fee for not having creditable coverage is increasing every year and each year you go without having coverage will increase the tax penalty you will owe when you file taxes. We at TLC don't necessarily agree with this government mandate but it is a fact that we all have to consider when declining to have health insurance coverage moving forward.
This new Special Enrollment Period began on March 15th and runs through April 30th.
The "shared responsibility payment" or fee for not having creditable coverage is increasing every year and each year you go without having coverage will increase the tax penalty you will owe when you file taxes. We at TLC don't necessarily agree with this government mandate but it is a fact that we all have to consider when declining to have health insurance coverage moving forward.
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