Individual Mandate for 2019

September 5 2019
In a tax bill passed by Congress in 2017, the individual mandate that prescribed a health insurance penalty was eliminated. The new law goes into effect for 2019. What this means for individuals is that the health insurance penalty is no longer to purchase an ACA-compliant health care plan. Many people think that this just means going without insurance. However, this also makes it possible for people to choose other kinds of health insurance policies that may not have satisfied previous requirements. For a plan to comply with ACA requirements, it must provide certain minimum essential coverages. People who would like to avoid these coverages but still have insurance can choose other types of plans without having to pay a penalty. For instance, some people may wish to choose a catastrophic plan that will cover large expenses, but not cover preventative care. Still others may choose to skip coverages that they do not feel that they will need, such as mental health coverage or maternity care. State-level health insurance penalties still may be in effect. While there will not be penalties at the federal level anymore for going uninsured or choosing a plan that is not ACA-compliant, it is still important to look at state requirements for health insurance. A large handful of states have their own health insurance penalties that are assessed when people do not have insurance that complies with that state’s laws. Some places where a health insurance penalty is still assessed: New Jersey. This state has a health insurance penalty that will go into effect in 2019. The health insurance penalty is based on New Jersey’s prices for bronze level health insurance policies. Massachusetts has had a health insurance penalty since instituting a state health insurance program in 2006. In the past, they did not assess a health insurance penalty if someone paid one at the federal level. However, with the elimination of the federal health insurance penalty, they will begin charging a state fee. Vermont has instituted a health insurance penalty for uninsured individuals in that state. The health insurance penalty law goes into effect in 2020. District of Columbia. This city has signed their own health insurance penalty into law. It goes into effect in 2019. It remains to be seen whether other states will add their own health insurance penalty laws. Keep abreast of changes in your state to make sure that you are not surprised by a health insurance penalty at that level despite no longer owing one at the federal level. Making the best health insurance choices for you: Even though there is no longer a health insurance penalty for most people, health insurance is a worthwhile investment. Depending on your personal health, your financial situation and where you live, you may be able to save money and more easily access needed medical care by purchasing either a marketplace or individual insurance policy, and life insurance. Benefits Unlimited offers a range of plans to help you choose exactly the coverage you need. Call Erin at (417) 881-8664 for your free quotes today.

Updates!

09/05/2019
Medicare Open Enrollment 2019
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09/05/2019
Individual Mandate for 2019
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09/12/2018
Open Enrollment 2018
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12/10/2017
Open Enrollment End is Near
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10/31/2017
Open Enrollment Details- Let us help! Benefits Unlimited (417) 881-8664
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10/30/2017
Electronic member ID cards coming this fall from Anthem
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10/30/2017
Retail 90 Network offers another convenient choice for prescription drugs from Anthem
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10/30/2017
Medicare To Issue New Cards In Anti-Fraud Effort.
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10/30/2017
CBO Predicts Higher Premiums For ACA Plans, Lower Enrollment.
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10/30/2017
Average Cost Of Employer-Backed Family Health Plans Increased 3% In 2017, Same Rate As In
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10/30/2017
Senate Unanimously Passes Medicare Reform Bill.
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10/30/2017
Administration Will Not Issue Projection Of Open Enrollment Enrollees.
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10/30/2017
Trump Declares Opioid Epidemic A “Public Health Emergency.
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10/30/2017
Trump Administration Plans To Roll Back Contraception Mandate.
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10/30/2017
ACA Auto Enrollment To Take Place After Open Enrollment Closes This Year.
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10/30/2017
Unnecessary Scans, Therapy, Surgery Cost Patients Billions.
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10/30/2017
IRS REVERSES POLICY ON CERTIFYING INDIVIDUAL MANDATE COMPLIANCE
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10/30/2017
Open Enrollment Details- Let us help! Benefits Unlimited (417) 881-8664
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08/14/2017
IRS Releases New Employer Reporting Forms
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08/08/2017
Missouri Insurance Department reminds Missouri families to review insurance coverage befor
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08/07/2017
From Anthem FYI What you need to know about off-exchange paper applications starting Augus
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08/06/2017
Consumers Increasingly Given Little Choice But To Buy Brand Name Drugs
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08/04/2017
Employer-Sponsored Healthcare Coverage Will Persist In The US For The Foreseeable Future,
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08/04/2017
Employer-Sponsored Healthcare Coverage Will Persist In The US For The Foreseeable Future,
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08/01/2017
Large Employers Anticipate Cost Of Healthcare Plans Will Rise By 5% In 2018
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08/01/2017
Generic Drug Prices Are Falling, But That May Not Be Reducing Out-Of-Pocket Costs For Many
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08/01/2017
Generic Drug Prices Are Falling, But That May Not Be Reducing Out-Of-Pocket Costs For Many
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07/31/2017
Anthem: New imaging Clinical Site of Care Program rolls out for fully insured groups in fo
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06/29/2015
Patients In Coverage Gap Turn To Free Health Clinics.
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06/29/2015
Lawmakers Seek To Clarify HIPAA Rules As Importance Of Health Data Grows.
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06/29/2015
Continuing Coverage Of Health Insurance Rate Requests.
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photo of Darren CoffmanMaking the right moves in choosing the best solutions for your health benefits requires a plan and strategy that is proven. Like the game of chess, each move creates a different set of challenges, decisions and obstacles to overcome. One wrong move can produce unexpected results where you may find yourself in checkmate! When it comes to health benefits, you need a friend that you can trust to coach you through the game that many individuals and businesses must conquer. Call upon Benefits Unlimited, Inc to be your friend when you are ready to win the game.

Featured Partners

ANTHEM BLUE CROSS BLUE SHIELD

Group Health, Life, Dental Disability and Vision care plans for groups of 2 or more. Flexibility with multiple plan designs utilizing POS, PPO, HSA high deductible plans. This carrier offers multi-plan offerings within a single group. Anthem has a complete portfolio of individual medical products as well.

UNITED HEALTH CARE

One of the nations largest health insurance providers with plans available for groups with as few as two employees. Multiple plans available within each group. United Health has an array of optional benefits such as life, dental, vision and disability for both small and large groups. Coverage available through a number of different funding approaches. United offers a number of individual programs as well.

COVENTRY HEALTH PLANS

Coventry offers a wide variety of health plan options with dual plan capabilities. Plans are available for both small and large employers with local representation in Springfield, Missouri. Competitive rates and specialty offerings of health wellness programs and hands on educational seminars and classes available to members.