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Home > Who We Are > Blog > 2015 > 02 > Affordable Health Care and You

Affordable Health Care and You

Feb 05, 2015

READ THIS BEFORE IT’S TOO LATE!

If you are an American citizen between the ages of 0-64 and uninsured, this article applies to you. The deadline to purchase an affordable healthcare plan on the Federal Market Place is next Sunday, February 15, 2015. That means you only have 10 days to make some big decisions about your health.

Your health is important and there are a number of reasons why now is the time to start investing in yourself…

REASON #1: It’s the law.

You may have already heard some buzz about the Federal Health Reform Legislation or the “Affordable Care Act” which was signed by President Obama in March 2010. The bill was intended to assure that all Americans had easy access to reasonable and affordable health care coverage. Many significant changes to the United States health care system have taken place since that time. New federal policies removed barriers for obtaining fair comprehensive health coverage and accessing needed services. It also empowered American citizens to take responsibility for their own health. 

But with great empowerment comes great responsibility. What happens if you choose to go without insurance for more than three months in 2015? For starters you can expect to pay a tax penalty. The 2014 tax penalty $95 per adult in the household and $32.50 per child (or 1% of your yearly household income – whichever is the larger amount). The 2015 tax penalty is $325 per uninsured adult and $162.50 per child, or 2% of your yearly household income. The penalty is expected to increase even more in 2016.

REASON #2: It’s affordable. 

Be not afraid. You have options, and if your household income falls anywhere on this chart, you will qualify for some type of financial assistance.  

Chart for health care.PNG

  • If your household income falls below  150% Federal Poverty Level (FPL)
    You and your children will qualify for low to no cost state sponsored health coverage.
  • If your household income falls between 150%-304% (FPL)
    You may qualify for lower premiums (monthly cost of coverage) or tax credits to help you pay for a plan purchased through the federal exchange (www.healthcare.gov).  If you have children (0-19 years of age), they will qualify for low to no cost, comprehensive insurance through hawk-i

 

REASON #3: It’s obtainable.
Here in the state of Iowa we have several avenues to obtain coverage based on your income status. The most common forms are through the employer, Medicaid, Iowa Health & Wellness, and hawk-i. November 15th marked the start of the open enrollment to help millions of Americans find a new health insurance plan or to re-enroll in their current plan. The Linn County Community Partnership can help assist people by providing educations about getting covered and help people to enroll. 

Type of Insurance

Who is Eligible

Where to Enroll

When to Enroll

Health Insurance Marketplace

  • Newborn to 65
  • Ages 65 not enrolled in Medicare
  • Healthcare.gov or at 1-800-318-2596
  • November 15th, 2014-February 15th, 2015
  • Healthcare.gov or Marketplace Call Center at 1-800-318-2596
  • November 15th, 2014-February 15th, 2015

Employer-Sponsored Health Plan

  • People who are employed
  • Retirees
  • With your employer
  • Healthcare.gov if your employer participates in SHOP
  • At the time you’re hired
  • When you have a life changing event
  • With your employer
  • Healthcare.gov if your employer participates in SHOP
  •  At the time you’re hired
  • When you have a life changing event

Medicare

  • 65
  • People of any age with End-Safe Renal Disease
  • People with certain disabilities
  • With Social Security; Socialsecurity.gov
  • With Railroad retirement board (RRB.gov)
  • Medicare initial, special, and general enrollment periods
  • With Social Security; Socialsecurity.gov
  • With Railroad retirement board (RRB.gov) 
  •  Medicare initial, special, and general enrollment periods

Medicaid and CHIP

  • People who have been determined eligible for these programs
  • With the state or federal agency
  • Healthcare Insurance Marketplace
  • Apply Anytime
  • With the state or federal agency
  • Healthcare Insurance Marketplace 
  •  Apply anytime

VA and TRICARE

  • Veterans and their families, depending on service members’ discharge, their active duty status or retiree status
  • With your military employer
  • With the Department of Veteran’s Affairs or VA Coverage
  • At the time you’re hired
  • When you need VA benefits
  •  With your military employer
  • With the Department of Veteran’s Affairs or VA Coverage
  •  At the time you’re hired
  • When you need VA benefits

Private Insurance Market

  • Everyone from newborn to 65
  • Age 65 not enrolled in Medicare
  • With private insurance companies
  • Agents and brokers
  • Open enrollment period
  • Special enrollment period
  •  With private insurance companies
  • Agents and brokers
  •  Open enrollment period
  • Special enrollment period

hawk-i

  • Newborn to 19
  • www.hawk-i.org/
  • Apply anytime
  •  www.hawk-i.org/
  •  Apply anytime

Iowa Health & Wellness

  • Ages 19-64
  • Iowa Department of Human Services
  • Apply anytime
  • Iowa Department of Human Services 
  •  Apply anytime

 

Health Insurance can be difficult to understand, but don’t let that be a barrier to your personal and financial success. It’s easier today than ever before to take control of your health. If you would like more information about what type of coverage you and your dependents might qualify for, or need to set up an appointment with someone who can help you apply, call 2-1-1 today. 



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