Nearly half of the 17 ACA state insurance exchanges are suffering from economic troubles due to high costs and poor enrollment numbers.
State officials are considering either raising fees on insurers or handing over their exchanges to Healthcare.gov to deal with the financial difficulties.
Last year, failure to enroll meant you had to pay $95 per person or 1% of your yearly household income, which ever was greater.
This year, you must pay the greater of $325 per person or 2% of your income, which run up as high as $2,448 per family member.
The enrollment period this year runs Nov. 15 to Feb. 15 – so in just 2 days the enrollment period ends.
Also, be careful to account for any changes in your income or you could end up owing money instead of getting that anticipated refund.
