8 key points about the ohio individual health insurance mandate
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Know about the 8 key points about the Ohio individual health insurance mandate. For more details, please visit: http://www.onesourcebenefits.com/ or call toll free: 877-549-1212TRANSCRIPT
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One Source Benefits – Licensed Ohio Health Insurance Broker
8 Keys Points About the Ohio Individual Health
Insurance Mandate
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1. The Supreme Court has ruled that the individual mandate is Constitutional
because its considered to be a tax instead of a penalty.
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2. The penalty for not purchasing health insurance is $285 per family in 2014 or 1 percent of income. Starting in 2016, the penalty increases to $2,085 per family or 2.5 percent of income. Consumers without health insurance
will be charged the greater amount in each case.
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Toll Free Number: 1-877-549-1212 www.onesourcebenefits.com
3. There is a grace period if you are uninsured for three months or less. After three months, you will be
charged the mandate fee.
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4. The mandate starts on January 1, 2014.
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5. Health insurance can be purchased online or through health insurance exchanges. Those who qualify for Medicaid will be able to apply online through the
exchanges as well.
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Toll Free Number: 1-877-549-1212 www.onesourcebenefits.com
6. For those who have a hard time affording health insurance and don’t qualify for Medicaid, some may
be eligible for subsidies. These subsidies will be determined by income and will available on the health
insurance exchanges.
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7. There is no “default” or automatic health insurance plan. People will not be signed up for health coverage or Medicaid unless they enroll in a plan on their own.
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8. Starting in 2014, individuals will be guaranteed health insurance regardless of pre-existing conditions.
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