Tuesday, February 10, 2015

Affordable Care Act For Michigan Is Closing!

The Affordable Care Act for 2015 is slowly closing here.  Open enrollment for the state of Michigan closes on February 15, 15'.  Anyone looking for a "compliant" major medical plan should contact us as soon possible

Couple of things to make clear.  While open enrollment ends on 2/15/15, you can buy health insurance plans past that date.  However these plans after Feb. 15 are non compliant, so you will still pay the fine for the year of 2015. 

If you decide to go without coverage for this year, be aware of the fee's of going without coverage. This includes, 

The fee in 2015

If you don’t have coverage in 2015, you’ll pay the higher of these two amounts:
  • 2% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,000 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.
  • $325 per person for the year ($162.50 per child under 18). The maximum penalty per family using this method is $975.
Contact us to get your Michigan health insurance quote today or visit us at http://www.michiganhealthbroker.com.

Also read about how to get a Michigan life insurance policy if you have had a heart attack.

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