A) The penalties for not signing up for an ACA compliant plan or having an existing policy prior to January 1st 2014 is $95 or 1% of your income whichever is greater.
What are the alternatives if you didn’t want a plan like this?
If you wanted to save money you could always go with a short term medical plan. These are offered through Golden Rule, Assurant and Health Insurance Innovations. These are NOT major medical plans and are not meant to cover pre-existing conditions. They are however quite affordable and offer some protection. In addition we can always add a critical illness and accident policy to strengthen the benefits.
If you have any questions do not hesitate to call me at 561.637.8162.
Evan Tunis is with FloridaHealthcareInsurance.com, one of the leading providers of Florida health insurance quotes. To learn more about Florida health insurance, visit http://www.floridahealthcareinsurance.com/ or call 561.637.8162.