tax penalty

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New Health Insurance Exemptions May Help You Opt Out of Exchange Coverage

When the Affordable Care Act (ACA) legislation was enacted in 2010, one of its goals was to make affordable health insurance available to more Americans. A key, but controversial, piece of the legislation was the individual mandate clause, which required virtually everyone in the country to have ACA-compliant health insurance, or else be liable to […] Read more

What Is the Penalty for Not Having a Health Insurance Plan?

Editors Note: Effective October 2, 2018, the federal penalty for not having an ACA-mandated health insurance plan was eliminated beginning in 2019. In addition, the administration rolled back coverage duration limitations, allowing individuals to purchase short term health insurance plans for up to 364-days of coverage. However, coverage duration periods can be limited to shorter […] Read more

Beginner’s Guide to Buying Health Insurance

The open enrollment period for buying health insurance is just a few months away, and brushing up on the basics can help ease the pain of buying a health insurance plan for the first time, or shopping for a new plan that fits your needs better than existing coverage. The average American’s shopping confidence when […] Read more

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