With Obamacare open enrollment ending on March 31, you might be among the many Americans with questions about how the deadline affects your health insurance coverage.
For those who have not enrolled to purchase health insurance coverage through the federal marketplace, March 31 marks the last day they may do so. Any United States citizen without health insurance coverage following that date will be required to pay a penalty, according to the Affordable Care Act.
Despite a rocky start on healthcare.gov, the website is now running fairly smoothly. However, not everyone will want to use the website as a means of purchasing their insurance coverage. By law, no one is obliged to use the marketplace, and may purchase insurance through any agency they choose.
The Obamacare penalty for those who do not have health insurance after March 31 is $95 per adult and another $47.50 per child, or 1 percent of your annual house income, whichever amounts to more.
If you live in the Thousand Oaks or Westlake Village, California areas and you have questions about insurance, contact Jason Mayling at Integrity First Insurance today.