The Obama Administration, finally acknowledging the seasonal mismatch between the Affordable Care Act’s open enrollment season and the ACA’s tax-based penalties for failing to have insurance, decided on Friday to create a new special enrollment season for this year only. The new window will allow those who are subject to the penalty for 2014 ($95 or up to 1 percent of their income, whichever is more) to buy coverage on the health exchange for the rest of 2015 and avoid having to pay the penalty again next year. … – Source
Better Ways to Link the Affordable Care Act with Tax Filing Season
No comments:
Post a Comment