Many People Without Health Insurance Will Now Be Required To Pay Tax Penalty
By Space Coast Daily // December 29, 2015
How the Health Care Law Affects You
Affordable Care Act introduces income-based subsidies to many making coverage more affordable.
There is plenty of information on health care reform, which requires nearly everyone to have health insurance, but it also makes it easier for more people to obtain coverage.
“The tax penalties used to be a lot lower, and some people thought they could save money by skipping the insurance and just paying the fine,” said Jason Alford, Director of Individual Sales & Product Innovation for Health First Health Plans.
“Some of our plans this year have premiums as low as $60 a month, which is about $720 a year. Now we’re seeing more people would rather buy insurance and get lots of great benefits, than pay a penalty and get nothing,” added Alford.
Most people who don’t have health insurance will have to pay a tax penalty, and for 2016 the penalty will be close to $970.
Enrollment for 2016 is open until January 31. Here’s a overview of our new plans:
- Gym membership—at Health First Pro-Health & Fitness Centers and 8,500 Healthways Prime locations nationwide
- Provider directory—featuring Health First and Florida Hospital physicians and facilities, as well as many more, across 7 counties throughout central Florida
- Formulary (drug list)
- Pediatric dental benefits—with no cost shares.
- NEW! Identity theft protection and credit monitoring
- Summary of Benefits and Coverage (SBCs)—Detailed benefit information about each plan
- Comparison of Benefits—A chart comparing basic benefit information side-by-side