ACA Calculators, Tidbits and Resources:
A. If you choose not to be insured in 2017, there’s a substantial tax penalty. Use this easy online calculator to figure yours.
B. You might have a “Grand-fathered” or “Grand-mothered” plan that you can keep, that would still qualify for legitimate ACA coverage. Your insurance company will let you know if your plan keeps you out of a tax penalty. “Grand-fathered” plans were issued before March, 23, 2010 and can be kept indefinitely. “Grand-mothered” plans were issued between March 23, 2010 and January 1, 2014 and can be kept for a little while longer, if notified by your company.
C. Affordable Care Act plans have no health questions, and no exclusions for pre-existing conditions, and no waiting period before coverage begins, once the policy is effective. All policies must cover preventative care at 100%, without reference to the deductible.
D. Last year the President said, “We’ve discovered that buying health insurance is complex.” Wish to better understand health insurance terminology? Dictionary of Terminology.