People who did not have yet sign up for the health insurance program, Affordable Care Act (ACA) or Obamacare, this year can be slapped with an attractive fine from President Barack Obama’s Internal Revenue Service (IRS).
While the uncovered resident this year will be imposed with a fee of USD 325 per person or 2 percent of their yearly household income, they have to pay a fee of USD 695 per person or 2.5 percent of yearly household income in 2016.
Rodney Flores, site supervisor of HealthCare.gov, said, “Some people have never had health insurance before. They need assistance, not only in picking the plan but what does that plan do for you.”
As the closing date for open-enrollments approaching, an awareness event was organized on Saturday at the Austin Enrollment Assistance Center.
Many licensed and professionally trained assisters provided free education to the people at the HealthCare.gov event.
“For those that don’t have email addresses, we set up email accounts for them. We do have Internet access here. We can help you complete the entire HealthCare.gov application online and get your coverage results immediately,” said Flores while redressing the problems of the people.
They also guided them about the eligibility for financial assistance, sign up or re-enrollment procedures, eligibility criteria and the tax penalties levied by the government in case of non- coverage of any health program in 2014.
Flores said, “A person with no coverage will be fined USD 47.50 or up to USD 285 per household for a child under 18.”
The last date for open enrollment for Obamacare is February 15.
Seeing the penalties going up every year, the health experts strictly recommended getting enrollment under Obamacare.