Requirement to Buy Coverage - Flow Chart
Requirement to Buy Coverage – Flow Chart

Obama Care imposes a  Individual Mandate – Tax Penalty  of 2.5% of income (calculate it)  on just about ALL legal residents, if you don’t Purchase Health Insurance.  Your coverage must include the 10 Essential Minimum Benefits and meet the definition of Minimum Essential Coverage (MEC),  unless you qualify for an exemption, 5000 A).   Just check off on line 61 of your 1040 that you complied.   You will also get a 1095 from your Insurance Company.  

The Health Care Law provides for  subsidies and tax Credits to help you pay the premium.  We can help you with that at no additional charge.  Complementary quotes for compliant guaranteed issue plans.  

You might also talk to your Employer about providing Coverage. Tell him he can get a FREE Quote  and it’s tax deductible for him and tax free to you §106 IRC.

Call 310.519.1335 or email us if you have any questions or use the form below. 

Complementary quotes for compliant guaranteed issue plans

 

Resources & Links

New York Times 10.26.2016 Millions take the penalty

Los Angeles Times 1.10.2015 Explanation  ♦  Health Net Brochure ♦ MH 2.17.2015  H & R Block says 4M could face penalties – Democrats want an additional Special Enrollment to avoid penalties for 2016 ♦   CA Health Line 1.29.2015 6 M households could face penalties

Final Instructions  2.9.2015

More Detailed (Child) Pages on Individual & Employer Mandate

Employer Mandate – Over 50 Lives

 

 FAQ’s

7.5 million paid an average of $200 in penalties for not having coverage in 2014 per Kaiser Health News 7.22.2015

White House.Gov Affordable Health Care Act YouTube Channel


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