Thursday, March 19, 2015

Stuck paying tax fees for not having health coverage?

        Call me NOW to get enrolled before April 30

         While you may have to pay fees for not having health insurance coverage in 2014, you have one last chance to avoid even higher penalties for 2015.

The Center for Medicare and Medicaid Services (CMS) is offering a Special Health Insurance Enrollment Period for Tax Season from March 15  through April 30, 2015.

You are eligible to take advantage of this Special Enrollment Period if:
·        You didn't know until after Open Enrollment ended on February 15, 2015 that the health care law required you and your household to have health coverage, or you didn’t understand how the requirement would impact you and your household
·        You owe or have paid the fee for not having coverage in 2014
·        You aren’t already enrolled in 2015 coverage through the Health Insurance Marketplace
            Americans who do not qualify for an exemption and go without health coverage in 2015 will have to pay a fee of $325 per adult, $162.50 per child or 2% of income for a maximum penalty of $975 per family. The fee will be paid with the federal income tax return for 2015 normally filed in early 2016.
Don’t get stuck with further tax penalties. Give me a call at 440-255-5700 before April 30 to see about getting enrolled in a health care plan now.

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