888-765-5400Affordable Care Act – Tax Penalties
In 2014, the Affordable Care Act mandates that all taxpayers purchase health insurance or pay a penalty on their tax returns. The penalty will increase every year until 2016. Get your Free Rate Quote and apply for your coverage today through Blue Cross Blue Shield of North Carolina and avoid these penalties.
- 2014: a minimum of $95 per year or up to 1% of annual individual income (whichever is greater)
- 2015: a minimum of $325 per year or up to 2% of annual individual income (whichever is greater)
- 2016: a minimum of $695 per year or up to 2.5% of annual individual income (whichever is greater)
You can enroll in a plan from 10/1/2013 to 3/31/2014. Unless special circumstances apply, you will not have the opportunity to enroll again until until 2014 Open Enrollment for coverage that starts 1/1/2015. That means you cannot wait for a medical need to enroll.
For more information on health insurance coverage in North Carolina, please visit our website at www.nchealthplans.com or call our toll free number 888-765-5400 and speak with one of our professional agents. Our agency provides coverage for health insurance in North Carolina through Blue Cross Blue Shield of North Carolina (BCBSNC). It would be our pleasure to help you navigate through the Health Care Reform changes in accordance with the new regulations of Obama care. Call us for details.