{"id":3069,"date":"2017-05-06T08:55:19","date_gmt":"2017-05-06T08:55:19","guid":{"rendered":"https:\/\/techfeatured.com\/automotive\/13069\/what-if-you-still-cant-afford-health-insurance-after-2014"},"modified":"2017-05-06T08:55:19","modified_gmt":"2017-05-06T08:55:19","slug":"what-if-you-still-cant-afford-health-insurance-after-2014","status":"publish","type":"post","link":"https:\/\/techfeatured.com\/automotive\/13069\/what-if-you-still-cant-afford-health-insurance-after-2014","title":{"rendered":"What If You Still Can&#8217;t Afford Health Insurance After 2014?"},"content":{"rendered":"<p>Most of the significant provisions of the new healthcare reform law take effect in 2014. By that year, there will be a federal exchange market&#8211;as well as individual markets in many states. These exchanges will be open to individuals and small businesses, some of which will be subsidized.<\/p>\n<p>Said markets will be heavily regulated, in order to ensure that they follow new consumer protections guidelines. In addition, people with pre-existing conditions will have more options than existing high-risk pools or costly guaranteed issue health insurance plans.<\/p>\n<p>Despite these changes, some are still worried that insurance will remain beyond their reach. If the cost of a health plan is still prohibitive financially, will a person be responsible for paying the penalty levied as part of the individual mandate?<\/p>\n<p>Fortunately, that will not be the case. There are some exceptions, specifically included to avoid such a situation:<br \/>\n<\/p>\n<ul>\n<li>You can apply for a financial hardship exception from the penalties, if you lost your job or had your hours cut.<\/li>\n<li>You are not subject to the mandate if your annual income is so low that you are not required to file a tax return.<\/li>\n<li>You will also not be penalized if the least expensive <a target=\"_new\" rel=\"nofollow noopener\" href=\"http:\/\/www.healthinsurancesearch.com\">health insurance<\/a> plan available on the exchange is still more than eight percent of your annual income.<\/li>\n<li>You will still be eligible to get subsidies to buy affordable health insurance on the exchanges even if your employer offers health insurance. If the employer&#8217;s plan costs more than 9.3 percent of your income (and you earn under 400 percent of the federal poverty level).<\/li>\n<li>The mandate penalties will be adjusted with the cost of living; if there is a deflationary economy, the amount will go down from the projected 2016 levels: the greater of $695 and $2,085 for individuals and families, respectively&#8211;or 2.5 percent of household income.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Most of the significant provisions of the new healthcare reform law take effect in 2014. By that year, there will be a federal exchange market&#8211;as well as individual markets in many states. These exchanges will be open to individuals and small businesses, some of which will be subsidized. Said markets will be heavily regulated, in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[1447,83],"_links":{"self":[{"href":"https:\/\/techfeatured.com\/automotive\/wp-json\/wp\/v2\/posts\/3069"}],"collection":[{"href":"https:\/\/techfeatured.com\/automotive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techfeatured.com\/automotive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techfeatured.com\/automotive\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techfeatured.com\/automotive\/wp-json\/wp\/v2\/comments?post=3069"}],"version-history":[{"count":0,"href":"https:\/\/techfeatured.com\/automotive\/wp-json\/wp\/v2\/posts\/3069\/revisions"}],"wp:attachment":[{"href":"https:\/\/techfeatured.com\/automotive\/wp-json\/wp\/v2\/media?parent=3069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techfeatured.com\/automotive\/wp-json\/wp\/v2\/categories?post=3069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techfeatured.com\/automotive\/wp-json\/wp\/v2\/tags?post=3069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}