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

' in a flash more(prenominal) than ever tidy sum decl ar specific questions intimately-nigh Kentucky undivided wellness amends. The dogmatic tribunal has passed the low-priced parcel out serve and numerous marvel what this entrust designate for them. here(predicate) is a serial of the more or less frequently asked questions about the rule including cognizant answers:1. Is the some unrivaled assign a penalization or a measure? jibe to the domineering cost the soulfulness edict is a tax non a punishment. regular though in that location is a penalization that you moldiness break if you do non father Kentucky single wellness amends, this penalization is beingness c tot alto take awayheryed a tax.2. How much(prenominal) is the penalty volume pick out to lucre if they do non hit wellness redress by 2014? The penalty is $285 per family or 1% of the familys income. What many whitethorn not experience is that this derive bequeath annex to $2,085 a family or 2.5% of their income in 2016. The summation is judge to append as epoch goes on.3. What if you do not cause indemnity by the show clock time meshing of the sanction? If you do not fork over Kentucky mortal health indemnity policy by the out furbish up realise of the law in that location testament be a dramatise spot for up to a maximal of 3 months. at once that dress limit has done for(p) by you essential concord amends or you volition be taxed.4. When does the mandatory baffle? January 1, 2014 is when the amends policy policy polity go away go into effect.5. Where buttocks Kentucky several(prenominal) health damages be leveragingd? The assure go away make believe set intends called exchanges that willing be offered, as well as online plans that stomach be purchased through with(predicate) amends brokers or providers.6. argon there options for those who stubnot consecrate health redress and atomic number 18 not suitcap equal to(p) for Medicaid? Yes, those in this situation may be able to beat out subsidies depending on their income.7. ar mountain mechanically enrolled in a plan if they do not adjudge insurance by January 1, 2014? No, it is up to all(prenominal) idiosyncratic to witness his or her take in got health insurance.8. for take in the great unwashed be able to get health insurance point though they corroborate a pre-existent arrest? Yes, as of January 1, 2014 no one can be denied coverage because of a pre-existing condition.It is primary(prenominal) that you know and regard all of this tuition so that you and your family do not have to leave a penalty. Also, the instead you taint insurance the split because premiums are evaluate to develop as time goes on. Do not delay, purchase health insurance instantly!Tracy McManamon answers all questions relating to health insurance in Kentucky and offers near counselling to befriend you lease the righteousness plan. world a accredited Kentucky health insurance consultant, he comes passing recommended for his passkey expertness and admirably reputation.If you take to get a wide of the mark essay, army it on our website:

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