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State of the ACA and Health Insurance Marketplace

Recent political and legislative events have called into question the law regarding how and when Americans can seek health insurance coverage. The Affordable Care Act, also know as Obamacare, has been in the news again since a Judge in Texas ruled in December that the ACA is unconstitutional. We can assure you that despite this ruling, nothing about the ACA or health insurance has been impacted by this. The matter is still in the review process with the U.S. Court of Appeals and most likely no final outcomes will be declared for quite some time. In 2019 the individual mandate, or tax penalty for not having any health coverage, was changed to $0. 

This means that for those who have chosen to go without health insurance from an employer, individual coverage, their State of residence, or through a religious co-op program will no longer be fined on their tax returns. There are additional reports from the media that premiums could reflect a steep increase from insurance carriers again this year but our agency has been reassured by our health partners that all appears to be stable for the foreseeable future. 

If you have any questions or concerns about your health insurance coverage, our Benefits team is here to help! Call our office today or email benefits [at] ieuter [dot] com