Special Health Insurance Enrollment Period This Tax Season
Many people were surprised to discover that they had to pay a fine for not having health insurance when filing their 2014 taxes. (For 2014, the fine is $95 per adult or 1% of your income, whichever is more. And for 2015, the fine has increased to $325 per adult or 2% of your income, whichever is more.)
Fortunately a special enrollment period is available this tax season from March 15th through April 30th for those who meet the three following requirements:
- You paid a fine for not having health insurance when you filed your 2014 taxes; and
- You currently do not have health insurance; and
- You did not know how the fine for not having health insurance affected you.
If the above requirements describe you, you may be able to sign up during the special enrollment period to avoid paying another full fine. Click here to fill out the form and see if you are still eligible get covered!
You can also click here to see what financial assistance you may qualify for in 2015.
Tax Season Means more Time to Enroll
The tax professionals at H&R Block are available to help you with your taxes and assess your eligibility for getting health insurance coverage through the Health Insurance Marketplace during the tax filing Special Enrollment Period (SEP). They can also help determine any financial help you may qualify for or any potential fine you may owe.
DISCLAIMER: HCA has provided these links and information as services to our patients and consumers. Doing so does not constitute an endorsement by HCA or any of its employees of the sponsors of these links and information or the information and products presented by H&R Block or GoHealth. HCA does not share any personal information of our patients and consumers with H&R Block.
About H&R Block: H&R Block, Inc. (NYSE: HRB) is the world's largest consumer tax services provider. More than 650 million tax returns have been prepared worldwide by and through H&R Block since 1955. In fiscal 2014, H&R Block had annual revenues over $3.0 billion with 24.2 million tax returns prepared worldwide. Tax return preparation services are provided by professional tax preparers in approximately 12,000 company-owned and franchise retail tax offices worldwide, and through H&R Block tax software products. H&R Block Bank provides affordable banking products and services. For more information, visit the H&R Block Newsroom. (Source)
About GoHealth: GoHealth is a Chicago-based company that powers GoHealthInsurance.com, a private health insurance marketplace that has helped more than 30 million consumers shop for coverage. With world-class technology and a team of licensed insurance advisors, GoHealth helps individuals and families obtain the right health insurance coverage. Working with 300 health insurance companies, GoHealth enables consumers to easily compare and shop for a variety of brand-name health plans. GoHealth provides plan recommendations and enrollment support by phone and online at no cost to consumers. In 2013, the GoHealth Marketplace became the first private exchange to enroll consumers in subsidized health insurance under the Affordable Care Act. In addition to powering a private marketplace, GoHealth licenses technology solutions and provides business process outsourcing services related to individual health insurance. GoHealth was founded in 2001. For more information visit GoHealthInsurance.com, follow them on Twitter and like them on Facebook. (Source)
What is the Healthcare Insurance Marketplace?
The Healthcare Insurance Marketplace is a new way to find quality health coverage. Created by the Affordable Care Act (ACA), it can help if you don’t have health insurance coverage now or if you want to look at other options. Residents in Kansas have access through the federal marketplace www.HealthCare.gov, where you will find Wesley Medical Center in many of the plans offered. Certain pages within www.HealthCare.gov may be experiencing technical difficulties due to volume.
With one marketplace application, you can learn if you can get lower costs based on your income, compare your coverage options side-by-side and enroll.
What Plans in the Marketplace Cover
Insurance plans in the marketplace are offered by private companies. All plans cover the same core set of benefits called essential health benefits. No plan can turn you away or charge you more because you have an illness or medical condition. They must cover treatments for these conditions. Plans can't charge women more than men for the same plan. Many preventive services are covered at no cost to you.
How the Marketplace Presents Plan Information
The marketplace simplifies your search for health coverage by gathering the options available in your area in one place. You can compare plans based on price, benefits and other features important to you before you make a choice. Plans will be presented in four categories – bronze, silver, gold, and platinum – to make comparing them easier.
In the marketplace, information about prices and benefits is written in simple language. The plan descriptions and tools are designed to provide a clear picture of the premiums you will pay and the benefits and protections you will receive. Visitors can compare plans based on what's important to them and choose the combination of price and coverage that fits their needs and budget. Kansas residents can visit www.insureKS.org to find explanations to the many changes in healthcare insurance in a simple, entertaining way. A cost calculator helps users estimate premiums and tax credits that may be available starting in 2014 and videos, FAQs, a glossary and other helpful links are also included.