Health Care Reform

Health Care Reform

Beginning in 2014, the Patient Protection Affordable Care Act (PPACA) includes mandates for individuals to be covered by health insurance or a pay a penalty for not having health insurance coverage. Individuals are now required to maintain minimum essential coverage for themselves and their dependents.

If individuals do not have health insurance coverage during 2015, they may be subject to a penalty of $325 or 2% of annual household income, whichever is greater. The penalty increases to the greater of $695 or 2.5% of annual household income in 2016 and later.

Can’t afford Health Insurance?

You many be eligible for Financial Assistance:

PPACA allows for government subsidies and tax credits to help individuals and families purchase health insurance through the Health Insurance Marketplace. To qualify for a  subsidy you must be a United States Citizen, have a household Adjusted Gross Income of less than 400% of the Federal Poverty Level (FPL), and not be eligible for health coverage through your employer.

Eligibility is based on household income and size for plans sold on the Health Insurance Marketplace or a state exchange.  Total household hourly earnings: Income divided by 52 weeks, 40 hours per week. Review the chart to see if your household falls under the 400% FPL.

Important Datesppaca

November 1

Open Enrollment Begins

December 15

Open Enrollment Ends


The Patient Protection Affordable Care Act is an extensive and complex piece of legislation that has brought numerous changes to the health insurance market. As your Insurance Advisor, we are here to help you understand, prepare and comply with these changes.

Contact us today to learn more about Health Care Reform and how we can help you and your family get the insurance you need.

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