An Alternative to Obamacare’s outrageous premiums, can save you thousands in premiums in 2017, and have great, comprehensive coverage! Most individuals and families who are not subsidy eligible, and especially individuals and couples over 50 years old, qualify for an exemption to the Obamacare fines!
The alternative to expensive, high deductible, limited network Obamacare plans are Short Term Health Plans, that are
- comprehensive Major Medical
- with vast nationwide networks and re-pricing benefits
- more deductible choices
- are portable
- have next day coverage
- and you can enroll anytime.
A GREAT SHORT TERM SOLUTION TO THE VOLATILE AND UNKNOWN FUTURE OF THE AFFORDABLE CARE ACT, AND HAVE BETTER COVERAGE AND PROTECTION!
EVEN IF YOU ARE SUBJECT TO A FINE, THE SHORT TERM MEDICAL PLAN MAY BE MORE COST EFFECTIVE WITH BETTER COVERAGE.
Term health insurance commonly known as short term health insurance, can be purchased in most states for up to 364 days, just shy of 12 months of coverage, which is the same as all other plans being offered under Obamacare, including employer group plans. Each anniversary, every year, individuals and families, must reapply for a new plan during open enrollment for a new effective date, January 1.
Employees, as well, are offered a new plan each year at their particular anniversary date. So really, short term health insurance is not short. The Affordable Care Act allows purchasing of short term health plans with up to 364 days of coverage. While some States, like Nevada, through legislative error, mandated only 6 Months could be purchased at one time. But most States, including Arizona, Georgia, California, and Florida allow up to 12 Months.
How to claim an exemption because Marketplace health coverage is considered unaffordable
The income exemption threshold for 2016 is 8.13 % of income. In 2017 it will be 8.16%.
For more information and tools, visit the following links:
A 61 year old couple in the Southwest. The lowest cost Bronze plan is $11,532. If their income is between $63,720 and $130,000, that calculates to be greater than 8.05%, consequently they are exempt from the Obamacare fine of 2.5% of their income!
A Family of five in Northern Nevada. The lowest cost Bronze plan is $13,680. If their income is between $113,640 and $160,000; that is greater than 8.05% of their income, hence no fine.
Please note: These are based on high deductible Bronze plans that pay no benefits for accidents or sickness until $6850 per person or $13,700 per family have accrued. Also, if a member of your family is being medically treated or expects treatment, that member can have their own Obamacare plan, and the rest do not, still saving a large amount of money.
AFFORDABLE CARE ACT TAX:
Term health insurance is not considered “minimum essential coverage” and you may be subject to the Affordable Care Act uninsured tax if you do not qualify for an exemption. To learn more about the tax and how consumers can determine if the combination of the tax and a Term Health Insurance premium can be cheaper than traditional insurance for their circumstances, please refer to our Obamacare Exemptions page. Term Health Plans may not be suitable for all Family members, especially those with ongoing medical needs and remarkable pre-existing conditions.