With the deadline for new insurance policies coming up, you may be wondering exactly how the Affordable Care Act will affect you and your family. The Affordable Care Act is designed to make sure that all American citizens have full insurance coverage. If you do not have insurance through your employer or through a government program, you will need to obtain insurance by the next year. At the same time, individual health insurance plans will be less expensive and will offer significantly more coverage.
If you do not feel that you can afford insurance coverage, you may qualify for government subsidies. Government subsidies are available on a sliding scale for those under a certain income threshold, especially for those that have dependents. Those that do not make an effort to obtain insurance by the applicable deadlines may find themselves with penalties during the next tax season.
For more information about the Affordable Care Act you can contact the experts at Steve Wilk Insurance.