Published January 15th, 2015 by Stephanie
If you did not hold an approved health insurance policy for most of the year of 2014, then you will be facing a penalty. While most people have to sign up for a policy in November or early December to get coverage by January 1, there is a different deadline to avoid fees.
If you do not have an insurance policy by March, then you will almost certainly end up paying a fee no matter how many months you maintained an insurance policy after that. Only a handful of people suffering from very significant financial hardship can avoid the fee.
This year, the fee is capped at 1% of a person’s income. However, the fee is intended to rise over time. Overall, the financial burden associated with not having health insurance is intended to be an onerous one so that more people -- especially younger people -- will get insurance.
Many people are dealing with their tax issues for the year only to realize that this could be a serious problem for them. Some are even looking at ways that they can be exempted from the law. For example, those who profess a faith opposed to insurance can sometimes be exempt.
In the meantime, what can you do?
The only way to make sure you don’t have to face major tax penalties related to the Affordable Care Act is to get insurance. However, many millions of Americans still can’t afford the high cost of that insurance, especially in states that have not expanded Medicaid.
Looking at ways to save money on healthcare can help you defray these significant costs.
USA Rx provides you with a fast and easy way to save money on your prescriptions that could amount to hundreds or even thousands of dollars each year. Just about anyone can use it!
To find out more about the USA Rx pharmacy discount card, call us today. No matter which pharmacy you use, odds are good that we have already partnered with the company to get you the best costs.
Don’t wait: The sooner you start, the sooner you can begin reaping the benefits.