Go Blue – Avoid Paying Penalties

GO BLUE – AVOID UPCOMING TAX PENALTIES

In 2014, the Affordable Care Act mandates that all taxpayers purchase health insurance or pay a tax penalty when reconciling taxes.  In addition, the penalty will increase every year until 2016.  Below is a list of the graduating tax penalty as outlined in the Affordable Care Act.

• 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)

To avoid having to pay these penalties, get your Blue Cross Blue Shield of North Carolina FREE RATE QUOTE today.  BCBSNC offers a variety of health insurance plans and premiums that will work for both you and your budget.  To find the plan that suits you best, click here.

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 Obamacare. Call us for details.

This entry was posted on Monday, September 29th, 2014 at 11:58 am and is filed under Affordable Care Act (ACA). You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.