Penalties for Not Possessing Florida Health Insurance
With the implementation of the Affordable Care Act, otherwise known as Obamacare, it is important to possess insurance to avoid penalties. If you are a Florida resident, this means you must have Florida health insurance to avoid these costly penalties which could leave you with quite a bit of hardship if you make very little money already. While the government offers a few options that you can turn to for health insurance, choosing the insurance policy and plans that are right for you is an important step to covering your family properly.
The penalties that were put into place through the Affordable Care Act are there to deter people from not possessing insurance. The cost of these penalties as of 2015 for not having insurance include $325 per uninsured or underinsured adult and $162.50 per uninsured or underinsured child. However the penalty that you will receive around tax season can also be equal to 2% of your yearly family income and depends on what will cost you more money. For example, if you make $40,000 for your family’s total income or just your own annual income, you will be charged $800 rather than the individualized cost if you are a household of 1 or 2.
When you purchase your insurance, whether through the Obamacare website or an independent company like https://floridainsurancequotes.net/health-insurance-quote/, you should always ask your insurance broker if your coverage will prevent you from being penalized for not possessing insurance. Some insurance companies do not offer a low cost plan that will consider you as covered through the Affordable Care Act. You will also need to discuss the various parts of your Florida health insurance policy to ensure that you have all the proper coverage that you need to ensure your family is in excellent health.
Where to Buy
There is nothing exciting about looking for health insurance, however being sure you are looking in the right places is a great start. You can buy your insurance through an independent insurance company, a local company, big business, your employer, and through the government. This provides you with various options that you can explore to find the insurance plans that work best for you and your family while also looking into the rates that you will pay for the insurance and copays. While some people prefer to simply go through their employer for insurance as it is paid directly from their paycheck, others enjoy the ability to pay for their own insurance coverage as they know exactly what they are paying for.
Government Insurance Programs
The government, at both state and federal levels, provide insurance options that are not only affordable but easy to access as long as you qualify. The state of Florida may offer a wider variety of Florida health insurance options that you can consider, while the federal government offers many others that may save you some money. Once you have found a plan that interests you, simply apply online or print the paperwork and mail it to the designated address, and wait to be accepted. Many government insurance programs require certain qualifications be met before you will be accepted and receive insurance from either state or federal.
You may also find that there are some insurance programs that are offered through the government that possess no requirements and are offered at a percentage of your annual income. This is a great way to obtain the insurance that you need and avoid paying more than necessary for the insurance coverage that you are receiving. There are also many different contact numbers that you can use to ask specific questions about each program to find the one that fits you and your family most.