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The New Affordable Care Act Special Enrollment Period Still Offers 2015 Coverage

It’s the last call to buy health insurance coverage for 2015!

If you just discovered you owe the 2014 tax penalty for being uninsured, you may qualify to buy health insurance for 2015 during a special enrollment period ending April 30.

This was the first tax season that Americans had to report their health insurance status or pay a tax penalty under the Affordable Care Act.

The tax-time special enrollment period applies to residents in the 37 states that use Healthcare.gov. Some state-run Marketplaces have similar tax-season extensions. Contact your local Marketplace or check out our interactive state map for information.

Here’s what you need to know about this tax-time special enrollment period:

 

 

 

 

 

Purchasing health coverage now for the remainder of 2015 can lessen the tax penalty you’ll need to pay next year for the months you didn’t have coverage. The penalty will increase to $325 per person or 2% of household income, in 2015, whichever amount is greater.

Do you have more questions about the Affordable Care Act special enrollment period?  TurboTax has you covered.  You can get answers to your questions at TurboTax Health.