Health Insurance & Affordable Care Act Benefits

 Our health and well-being are the most important elements for longevity. Though fresh diet and exercise are a good foundation, maintaining health is a much more complex and potentially expensive task. Fortunately, there are healthcare insurance providers who offer a variety of plans and options to help cover medical costs. 

Nobody has the intention to fall ill or become hurt, but most Americans just like you need medical attention at some point. So health insurance coverage assists you with a variety of costs and benefits:

  • Protection from unexpected, high medical costs.
  • Less expensive in-network healthcare coverage.
  • Free preventive care, including vaccines and check-ups.

You may be required to pay the Affordable Care Act’s tax penalty.

In addition to the many benefits of assistance with medical care costs, you may face a tax penalty for not maintaining a comprehensive healthcare insurance plan. For 2016, this penalty is determined through one of two ways, and you’ll pay whichever cost is larger per uncovered person in the household:

  1. 2.5% of your yearly income
  2. $695 per person in your household

You can avoid paying this fee by acquiring a health insurance policy that offers minimum essential coverage as defined by the ACA, commonly referred to as Obamacare. 

So what are my next steps for getting healthcare coverage?

It’s important to know that there is a specific Open Enrollment Period during which all Americans may sign up for health insurance policies. Open Enrollment for 2016 coverage begins on November 1, 2015. 

If, however, you’ve gone through a significant life change – such as marriage, birth of a child, or losing other coverage – you may qualify for a Special Enrollment Period. 

No matter if you’re seeking individual or family plans, it’s important to have a trusted partner. Osborne Insurance Services offers superior customer service to people seeking healthcare coverage. We work with some of the leading carriers in the state of North Carolina, so there are plenty of options to discover one that best fits your needs. 

Contact us today to begin your journey to comprehensive coverage and a healthy life.