Here’s The Health Insurance Information You’ve Been Waiting For

Health Coverage for You and Your Family | HealthCare.gov.

Starting Oct. 1, 2013, everyone in the US can find out what their rate will be for their health insurance under the Affordable Care Act. By signing up Oct. 1, coverage begins January 1, 2014.

It’s important that Americans who are not insured start learning about the new healthcare law and what’s offered. Everyone is required to be covered, either via your employer, or by purchasing one of the plans offered in your state.

I don’t know what the deadline is, but don’t miss it, or you’ll have to wait a bunch of months to apply again, plus you’ll have to pay a fee/fine/penalty (or whatever you choose to call it; the amount for the fee/fine/penalty is income-based).

While you won’t know for sure what your premium will be, Kaiser developed a website that will give you a rough estimate of what your annual premium will be. It’s only a rough estimate, and depending on the state where you reside, you may end up paying more, or maybe less, than the price they list. See Kaiser’s subsidy calculator link below:

http://kff.org/interactive/subsidy-calculator/#income-type=dollars&income=+&employer-coverage=0&people=&adult-count=0&adults[0][age]=21&adults[0][tobacco]=0&child-count=0&child-tobacco=0

The fine you will have to pay if you opt out of being covered is also available on the Kaiser site, but again, it’s a rough estimate.

If you live in a Republican controlled state, and you have low-income, you will most likely not be eligible for free/lowest cost coverage via Medicaid, because most of those states opted not to “expand Medicaid coverage”. For those residing in states that did opt for Medicaid expansion, many will suddenly become eligible.

If any of the information I’ve provided is incorrect, please let me know.

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