What to expect with Healthcare Reform
As of October 1st all individuals that do not have health insurance coverage will be required to make application for a qualified healthcare plan by March 31st 2014. This marks the end of the open enrollment period for 2014. The last effective date of coverage before penalties are assessed however will be March 1st 2014. If you do not have coverage in place by March 1st you are subject to a fine from the federal government of $95 or 1% of income whichever is greater. This fine will increase in the coming years.
There are going to be many options Inside and Outside the Healthcare Exchange for individuals and families. These qualified health plans are compliant and meet the standards set by the Affordable Care Act (A.C.A). There are subsidies and tax credits available (if you qualify) to help with premium costs. However if your employers offers you healthcare coverage and you have opted out of that coverage you do not qualify for any subsidy and are subject to the fine.
When it comes to insurance value, we believe that where you buy is as important as what you buy . There are all types of plans out there – but they are good only if they satisfy your needs and your goals. And we’ve seen them all.
Diamond Benefits has over 30 years experience on all sides of the insurance business – from working with large carriers to managing association plans to running our own small business. It’s this hands-on expertise that gives us the tools to cut through the jargon and shop talk not only to find the plan that’s right for you; but to handle your questions, issues and problems when you need answers.