Get Insured – 2015 Open Enrollment Ends 2/15/15
Marketplace open enrollment for 2015 is Nov 15, 2014 to Feb 15, 2015
Penalty
Most people must have health coverage or pay a penalty. If you don’t have coverage, you’ll pay a penalty which you will pay when you file your income tax return.
- 2014 fee – 1% of household income or $95 per person ($47.50 child under 18 Max per family is $285).
- 2015 fee – 2% of household income or $325 per person ($162.50 child under 18 Max per family is $975).
- 2016 fee – 2.5% of income or $695 per person.
Exemption
Some people qualify for an exemption to the penalty.
You may qualify for an exemption from the penalty for not being insured if:
- You’re uninsured for less than 3 months of the year
- The lowest-priced coverage available to you would cost more than 8% of your household income
- You don’t have to file a tax return because your income is too low (Learn about the filing limit (PDF)
- You’re a member of a federally recognized tribe or eligible for services through an Indian Health Services provider
- You’re a member of a recognized health care sharing ministry
- You’re a member of a recognized religious sect with religious objections to insurance, including Social Security and Medicare
- You’re incarcerated (either detained or jailed), and not being held pending disposition of charges
- You’re not lawfully present in the U.S.
- You qualify for a hardship exemption
Covered Plans
You’re considered covered if you have Medicare, Medicaid, CHIP, any job-based plan, anyplan you bought yourself, COBRA, retiree coverage, TRICARE, VA health coverage, or some other kinds of health coverage.
If you’re eligible for job-based insurance, you can consider switching to a Marketplace plan, but you won’t qualify for lower costs based on your income unless the job-based insurance is found unaffordable or doesn’t meet minimum requirements.
