With the tax penalty larger than it has ever been, now is the time to sign up for health coverage if you are not covered. The “shared responsibility” penalty for going without coverage in 2016 is $695 per person and $347.50 per child, or 2.5% of household income – whichever is higher.
The open enrollment deadline is January 31st, 2016. Anyone who has not signed up by that deadline will not be able to enroll until next year’s open enrollment, unless they have a qualifying life event. If you wish to have coverage that is effective February 1st, your deadline to submit your application is January 15th. If you or your employees are not eligible under a group health plan, you may qualify for premium assistance subsidies to help offset the cost of coverage.
If you are still looking to sign up for coverage, call us today to get enrolled 866.340.2247 or email firstname.lastname@example.org. Or request a quote here through our website.