Is Health Insurance Required?

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   Jim Winkler

   CEO/Owner, Winkler Financial Group, Houston, Texas

   Great question! With the passing of the Affordable Care Act, it is now required that Americans have some form of health insurance. It can either be through the healthcare.gov site, ( where you might also qualify for a rebate on the cost) through a private insurer, through a place of employment for you or your spouse, or through either the Medicare or Medicaid programs. There is a penalty for not enrolling in a plan, and it grows increasingly larger over time. There are limits for when you can enroll, and the next open enrollment period is not until next fall. There are some life events that will allow you to enroll before then, such as new employment, marriage, or the ending of a COBRA coverage. If you would like more information, please contact me, I'd be happy to help. Thanks for asking!

   Answered on April 18, 2014

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