Covered California Launches Special Enrollment Period

February 23, 2015
Author: Antonette
Posted In General

Covered California has launched a special enrollment period for consumers who say they were not aware of the tax penalty for remaining uninsured.

Under the Affordable Care Act's individual mandate, U.S. residents who did not have health coverage in 2014 must pay $95 or 1% of their incomes, whichever is higher, as they file their 2014 taxes. The penalties will increase to $325 or 2% of individuals' incomes, whichever is higher, for those who do not have insurance in 2015

Eligible consumers who wish to sign up during the period must indicate on their applications that they were unaware of the tax penalty for foregoing health insurance.

Up to 600,000 Californians could face such penalties. The extension will not exempt individuals from 2014 penalties, but it can help them avoid larger penalties that begin in 2015.

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