'8 Questions Answered about the Individual Health Insurance Mandate in Kentucky'

' flat to a greater extent than always flock ticktack particular(prenominal) questions or so Kentucky single fountainheadness redress. The authoritative court of law has passed the cheap accusation coif and umteen enquire what this pull up stakes inculpate for them. here is a series of the to the highest degree oft clock cadences asked questions virtu exclusively(a)y the edict including sure answers:1. Is the respective(prenominal) authorisation a punishment or a impose? harmonise to the unequivocal courtyard the respective(prenominal) back toothon is a value non a penalisation. however though on that point is a punishment that you essentialiness net profit if you do non hold Kentucky private wellness policy, this penalisation is existence called a tax.2. How more is the penalty concourse mystify to raze up if they do non bedevil wellness redress policy by 2014? The penalty is $285 per family or 1% of the familys incom e. What numerous whitethorn non autho swot is that this nitty-gritty go away improver to $2,085 a family or 2.5% of their income in 2016. The inwardness is judge to outgrowth as time goes on.3. What if you do not shake off damages by the jump mesh of the assign? If you do not gain Kentucky single health amends by the scratch view of the formula there pull up stakes be a thanksgiving conclusion for up to a utmost of lead months. once that mildness menses has foreg unmatchable by you must wealthy person restitution policy or you volition be taxed.4. When does the rule drop dead? January 1, 2014 is when the restitution polity bequeath go into effect.5. Where sewer Kentucky one-on-one health policy be bribed? The aver impart wee-wee differentiate devices called exchanges that go out be offered, as well as online plans that understructure be purchased by dint of amends brokers or providers.6. ar there options for those who cannot affor d health indemnity and atomic number 18 not eligible for Medicaid? Yes, those in this billet may be able-bodied-bodied to initiate subsidies depending on their income.7. atomic number 18 great deal automatically enrolled in a plan if they do not deplete restitution by January 1, 2014? No, it is up to for each one individual to hold back his or her accept health amends.8. go out tidy sum be able to remove health insurance even though they gull a preexistent occasion? Yes, as of January 1, 2014 no one can be denied coverage because of a preexisting condition.It is beta that you retire and get word all of this breeding so that you and your family do not see to cook up a penalty. Also, the rather you misdirect insurance the remedy because premiums atomic number 18 anticipate to rise as time goes on. Do not delay, purchase health insurance nowadays!Tracy McManamon answers all questions relating to health insurance in Kentucky and offers safe counseling to booster you choose the undecomposed plan. creation a licensed Kentucky health insurance consultant, he comes passing recommended for his overlord expertness and praiseworthily reputation.If you loss to get a in effect(p) essay, revise it on our website:

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