Written By Guest Writer, Tanya Boyd
So, by now you've heard of it, the Affordable Care Act, and are probably just as confused as the next person. Don't feel bad. It isn't elementary, my dear.
I'd like to tell you that we've spent weeks, or even months training and learning as much as humanly possible, but the reality is, we have been training and preparing for years. Yet, here we are, Obamacare Eve, and there is still so much unknown. Below is a Q&A that we hope will be helpful.
Q: Do I have to enroll in an Obamacare plan in 2014 if I already have health insurance? A: No.
Q: When does the Open Enrollment begin and End? A:It begins October 1 and runs through March 31, 2014.
Q: What happens if I miss the Open enrollment period? A:You will have to wait until the next open enrollment which will be October 2014 for 2015 effective dates.
Q:Will I be fined if I don't get insurance in 2014? A:Yes, 1% of your income or $95, whichever is greater.
Q:Do we pay more if we work with a broker? A:Absolutely not. A good broker will always guide you and help you make the best choices for you and your family.
Q:Do I need to start early and try to get my application started on October 1? A:If you think you may qualify for a subsidy, do not start on October 1. Systems need to be tried and tested. Glitches are likely. Mid October should be a good starting point.
Q:Who do we call to start our enrollment process: A:Tanya Boyd & Associates. Trained professionals standing by. Bi-lingual representatives are available.
Q:What if I can't afford it? A:Individuals may be able to get a new tax credit and other cost-sharing assistance that lowers their monthly premium. Depending on their situation, they may even be eligible for a $0 premium plan. Individuals will be able to see what their premium, deductibles and out-of-pocket costs will be before making a decision to enroll. Take a peek at a subsidy calculator we have on our website:
