Nearly 11.3 million people were enrolled in a 2016
Review the premium tax credit
The premium tax credit is awarded to eligible individuals and families with low- or moderate-income so that they are better able to afford coverage bought through a
Plan ahead to change enrollment
It's generally only possible to sign up for a plan in the
If you don't have what's considered minimal essential health insurance coverage and you don't qualify for an exemption from coverage that's available under certain circumstances, you'll have to pay a penalty when you file your tax return. There are many benefits of having peace of mind about your health care coverage, and the assurance that you won't face stiff penalties for failure to have insurance is one of them.
Your CPA can help
If you have any questions about your health care coverage requirements and options, be sure to consult your local CPA. He or she can provide the advice you need regarding all your financial concerns. For more tips on health insurance, visit www.picpa.org/moneyandlife.