Health Insurance Policy
Those who had no health insurance in 2015 or who spent more than 3 months without medical coverage, will pay a fine. However, there are exceptions and you can ask to be exempt from payment.
Who will pay fine?
As provided by law health care most citizens and legal residents of this country must submit, to pay their taxes a proof that they have had health coverage. Those who cannot prove they had coverage will pay a penalty. There is no way to avoid this ‘Pay Shared Responsibility as the fine is officially called since the IRS will automatically retain the value of the fine of surrender of your taxes.
This is also true for 2016 although the values of the fine significantly increase. As the law says, if an individual is able to pay for health coverage and you do not, you will pay the equivalent of 2% of their annual income or $ 325 per adult, by 2015. For every child who does not have coverage, you must pay $ 162.50. These values will increase year by year.
Who qualifies for an exemption?
According to the official site healthcare.gov, the following persons may request an exemption from ‘Pay Shared Responsibility’ or fine: If you have been uninsured for less than three months: for example, if your coverage ended two months before the end of 2014 but then you renewed.
- If you do not pay taxes because it touches, your income is very low.
- If you are a member of a health care, sharing ministry officially recognized.
- If you are a member of a religious sect officially recognized, and that questions on religious grounds covering health insurance, Social Security and Medicare.
- If you are incarcerated and are not expecting any immediate resolution of your case to break, free.
- If you are going through any of the situations described below, you do not have to pay a fine:
- If you are homeless.
- If you were evicted in, the last 6 months or you are facing a foreclosure.
- If you received a disconnect notice from a utility company utility company.
- If you were a victim of domestic violence recently
- If you had recently lost a close relative
- If your house was substantially damaged by fire, flood or other natural disaster or manmade
- If you first declared bankruptcy in the last 6 months
- If you could not pay your medical expenses in the last 24 months
If you were to claim a child as a dependent on your taxes and that child / she was denied to him Medicaid or CHIP, and also other person must answer for health expenses of the child. In this case, you do not have to pay the fine for the child. As a result of an appeal decision eligibility.http://prohealthblog.com/health-insurance-policy.htmlHealth Insurancehealth insurance,healthcare,student health insurance