Qualified Health Plan

The Affordable Care Act (ACA) requires every individual to enroll in a Qualified Health Plan (QHP). If an individual earns more than the Federal Poverty Level (FPL), that person is required to purchase a qualified health plan. There are exemptions from paying this federal penalty, or “Shared Responsibility Payment”. One exemption is earning lower than the FPL. Others are hardships or unaffordability (if the lowest available insurance plan is greater than 8.16% of household income).

Call for details about what a Qualified Health Plan is and what exemptions are available and how to apply for one. If you earn more than the FPL and do not enroll in a qualified health plan, each individual in the household will be responsible to pay a flat fee of $695.00 or 2.5% of your household income. Children are required to pay half of the adult penalty if they are not covered by health insurance. Avoid this penalty by calling 498-1684 to apply and see if you qualify for a premium tax credit that will lower your premium payments. Did you know that half of those who are uninsured are not even aware that they qualify?