In 2014 there will be many changes implemented in the Affordable Care Act. Some of the changes affect individuals while others only affect companies, but the ACA will indeed affect many Americans in the coming months.
The first change is that all registered U.S. citizens are now required to have a Qualified Health Care Plan. Failure to obtain one will result in an individual having to pay a fine. However, there are exceptions to this rule.
Anyone who has gone without insurance for less than three months due to starting a new job is an exception to the rule. It also applies to families going through financial hardship, which is defined as the cost of the lowest insurance plan if that cost totals more than 8% of the combined income of all household members. Native Americans and those who object on religious grounds are also exempt from this rule.
Here are the important dates to watch out for in 2014 if you are not exempt because of any of the afore mentioned reasons:
If you have any questions about how the ACA will affect you, or if you need help finding the right insurance plan for you and your family, contact Brines Insurance today for more information. We understand that new healthcare changes can seem overwhelming, and we know the value of an expert team to get you through the process smoothly.