Sheila McKinney

Thursday, November 7, 2013

THE AFFORDABLE CARE ACT DEADLINES

There are two important dates you should keep in mind regarding the Afforddable
Health Care Act - December 15, 2014 and March 31, 2014.

December 15th - This is the last day that you can buy insurance through your state's
                             health care exchange if you want to have health insurance coverage
                             on January 1, 2014.  This is especially important if you are one of
                             the 10 million people receiving letters from your current health
                             insurer informing yuo that your coverage is being terminated.


March 31st -  This is the last date to sign up for health insurance coverage on your
                       state's excahnge.  It is also the last day that you can enroll AND avoid
                       the Affordable Care Act tax penalty for not having insurance.  The tax
                       penalty for not having health insurance is a minimum of $95 but can go
                       as high as 1% of your taxable income.