Are you one of those that is hoping for an extension on the mandate
to have health insurance coverage by the end of this month?
Were you hoping there would be a delay in the penalty if you do not
have health insurance by the end of March 2014?
If so, we received some sad news for you last week.
As per a Reuters article:
There will be no delay in the penalty most Americans face under President Barack Obama’s healthcare reform law if they fail to obtain health coverage this year, U.S. Health and Human Services Secretary Kathleen Sebelius said.
Sebelius also said there would be no postponement of this month’s deadline for enrolling in coverage through new private health insurance marketplaces or the Medicaid program for the poor.
Speaking a day after her department released new Obamacare data showing private insurance enrollment rising to 4.2 million people as of March 1, Sebelius rebuffed Republican claims that the Patient Protection and Affordable Care Act‘s implementation was failing to attract enough enrollees.
The penalty for failure to obtain health coverage phases in over three years. It will rise from the greater of $95 per adult or 1 percent of family income for this year to $695 per adult or 2.5 percent of family income for 2016.
So what does this mean for you?
Are you insured?
Are you one that is choosing to take the penalty this year because it is cheaper than buying insurance?
Do you have questions about your coverage?
Our experts can help you with all of the above!
You can ask in the comments section below, on our facebook page, or confidentially by completing the form below so that one of our experts can be in touch with you right away!
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