Located within an hour’s drive of the Rocky Mountain National Park and 45 minutes of Denver, Colorado, the City of Evans is an ideal place to build a business, work and play. For example, you can shop and dine at Greeley Mall or enjoy fishing and outdoor activities along Poudre River Trail. A healthy lifestyle is vital in Evans, and so is health insurance coverage.
If you’re healthy and never feel the need to visit the doctor, you might be tempted to skip health care coverage. But, the Affordable Care Act, or ACA, makes it mandatory for many people to get coverage. Insurance helps to offset the cost of medical expenses, and depending on the plan you choose, you might get coverage for doctor visits and preventative health care.
Where and When To Get Coverage
You can search the state’s insurance marketplace to find coverage. The regular deadline for 2014 expired in March, and the extended deadline expired in April. The following year’s open enrollment begins in mid-November and ends mid-February of that year.
- In Colorado, enrollment for small businesses and Medicaid is ongoing throughout the year.
You might qualify for subsidies to help you pay for health insurance. If you qualify, you’ll receive your subsidy in the form of a tax credit. The subsidy depends on your income and the number of people in your household.
If you don’t get coverage, you might pay a penalty. For 2015, you’ll pay either 2 percent of your income or $325 for each adult – whichever is larger. You’ll also pay $$162.50 for each of your children. This fee amount caps at $925 per family.
- The penalty fee increases every year. For example, in 2014, the fee was one percent of income, and $95 for each adult. In 2016, the fee increases to 2.5 percent of income or $695 per person.
ACA mandated many changes to the healthcare system, so talk with an independent agent to make sure you’re appropriately covered.