Nebraskans will have the opportunity to purchase health insurance from the government’s Marketplace (healthcare.gov) starting Sunday, November 1 when Open Enrollment begins. This is the second year of re-enrollment in Marketplace plans under the Affordable Care Act.
Open Enrollment runs until January 31, 2016. To receive coverage by January 1, 2016, Nebraskans must sign up by December 15, 2015.
“Nebraskans who haven’t bought insurance yet, about 176,000 of them, may not know they could qualify for a tax credit,” Matt Leonard, director, Blue Cross and Blue Shield of Nebraska said. “The average tax credit in Nebraska last year was $257 a month. With penalties going up this year we want to help the uninsured get coverage so they won’t be surprised at tax time.”
The tax penalty for not having health insurance will double in 2016. If you don’t get coverage, you’ll pay a penalty equaling the greater of 2.5 % of your income, or $695 per adult ($347.50 per child) with a cap of $2699 per family.
Nebraskans who purchased health insurance on the marketplace last year are encouraged to go back there to verify their information and double-check to make sure they’re getting the right amount of tax credit for 2016.
BCBSNE members who elected to keep their health insurance plans from 2013 will be able to keep their plans again for 2016. They will be automatically re-enrolled unless they want to make a change or explore the Marketplace.
Consumers need to know:
- Individual health insurance enrollment November 1 to January 31, 2016
- The penalty for not having insurance doubles in 2016
- If you have received a tax credit, check to see if it is the right amount in 2016