Last Day to Apply for Health Coverage through the Exchange!

TODAY is the last day to sign up for health coverage through for insurance coverage starting January 1, 2016! Avoid the penalty (or as they cleverly try to call it a “fee”) as listed below:

The fee is calculated 2 different ways – as a percentage of your household income, and per person. You’ll pay whichever is higher.

Percentage of income

2.5% of household income
Maximum: Total yearly premium for the national average price of a Bronze plan sold through the Marketplace

Per person

$695 per adult (NOT $95 as in previous years)
$347.50 per child under 18
Maximum: $2,085

Contact GPS with any questions!

Posted in Posts.