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To avoid paying penalties on your taxes, it is imperative to enroll for coverage during the open enrollment time frame.
According to Colorado Health Insurance Insider, there are going to be people who end up paying a penalty for not having coverage in 2016, but won’t find out that they owe the penalty until they file their taxes, which for many people, will be after February 15, 2017. Unfortunately, at that time they will have missed the 2016 Obamacare open enrollment period as well.
Don’t let yourself be one of those people! If you’re uninsured this year, now is the time to figure out whether or not you qualify for an exemption,
or whether you’re going to have to pay a penalty. Be aware that the penalty for being uninsured in 2016 is much more significant than penalties in the past,
either 2.5% of your household income, or $695 per person, whichever is greater.
If you don’t have health insurance through a job, Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), or another source that provides qualifying coverage,
we can help you get covered.
To get started click “Get a Plan” or contact RICHARD A. APPLEQUIST for more information.
Get a Plan