Health Care Affordable Care Act Health Insurance Marketplace Open Enrollment is November 1st through January 31st [Video] Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeam Published Sep 11, 2015 - [Updated Jul 23, 2019] 1 min read Under the Affordable Care Act, most Americans need proof of health insurance coverage. Without health insurance, you could face an increased penalty for 2016 of $695 per adult in household or 2.5 percent of income when you file your 2016 taxes in 2017 Open Enrollment in the Health Insurance Marketplace starts November 1, 2015, and ends January 31, 2016. If you don’t enroll by January 31, 2016, you won’t be able to sign up for coverage in the Marketplace unless you have a qualifying life event, such as getting married or having a baby. TurboTax makes it easy to accurately report your health insurance status and Affordable Care Act forms at no charge. Watch our video to learn more. Previous Post Is This Deductible? Going Back to School Next Post Affordable Care Act Update: New Information About Form 1095-B and… Written by TurboTaxBlogTeam More from TurboTaxBlogTeam 4 responses to “Affordable Care Act Health Insurance Marketplace Open Enrollment is November 1st through January 31st [Video]” What if you can’t afford insurance or a “life event”? Will the gestapo off me? Reply What is your address ? Reply The heath insurance from Turbo tax is for Americans only and ot Canadians, correct? Reply Hi Robert, The health insurance law from the Affordable Care Act (not TurboTax) is for Americans. That is correct. TurboTax allows you to easily report your health insurance status and TurboTax doesn’t charge for Affordable Care Act forms. Thank you, Lisa Greene-Lewis Reply Leave a ReplyCancel reply Browse Related Articles Investments Tax Benefits of Real Estate Investing Self-Employed Business Tax Checklist: What You’ll Need When Filing Uncategorized What Is Deferred Compensation & How Is It Taxed? Investments How Does an Inherited IRA Work? Work Choosing Your Business Structure: 5 Types of Businesses… Tax Deductions and Credits Are HOA Fees Tax Deductible? What You Need to Know Crypto Understanding Crypto and Capital Gains Work 7 Things You Need to Know About the New Business Report… Work Using Form 8829 to Write-Off Business Use of Your Home Tax Tips Roth 403(b) vs. Roth IRA: Which Should You Invest In?
Hi Robert, The health insurance law from the Affordable Care Act (not TurboTax) is for Americans. That is correct. TurboTax allows you to easily report your health insurance status and TurboTax doesn’t charge for Affordable Care Act forms. Thank you, Lisa Greene-Lewis Reply