Consumers run the risk of being penalized for not adhering to the Affordable Care Act regulations or missing out on valuable benefits such as government subsidies to reduce health insurance premiums.
“With Open Enrollment Period ending this Friday, December 15th, many consumers are still confused as to how the Affordable Care Act (ACA) rules are applied and how to determine if they qualify for government subsidies,” explained Bob Dial, Chief Compliance Officer, ACA Marketplace Enrollment Solutions(ACAenroll.com). “As a result, many Americans run the risk of selecting a plan that is not suited for their budget or healthcare needs or even more costly, would be missing the Open Enrollment Period deadline altogether, leaving them open to expensive government penalties and the financial hardship that can result when not having adequate health insurance.” ... |